State Bank Of India

State Bank of India (SBI), country’s largest public sector lender, has concluded the issue of $1,250 million Fixed Rate Senior Unsecured Notes having a maturity of 5 years at a coupon of 4.125% payable semi-annually, under a Standalone Bond issue under Rule 144A/ Regulation-S of US Securities Exchange Commission (SEC), in the form of 144A/ regulation-S Notes.

The bonds will be issued through the banks London branch as of August 01, 2012 and shall be listed on Singapore Stock Exchange.

The bank, on standalone basis, reported a 194 fold jump in its net profit to Rs 4050.27 crore for the fourth quarter ended March 31, 2012, against net profit of Rs 20.88 crore for the corresponding period last fiscal. Total income has increased by 27.97% at Rs 33,959.54 crore during the quarter under review from Rs 26,536.84 crore in the year-ago period.