Last checked at 16 Dec 2008 09:44
RNS Number : 2038K
State Bank Of India
16 December 2008
Letter to: Bombay Stock Exchange Ltd
Dated: 16 December 2008
LISTING AGREEMENT: CLAUSE 36 In terms of Clause 36 of the Listing Agreement, we advise that the State Bank of India is planning to raise unsecured and rated rupee Innovative Perpetual Debt Instruments/Upper Tier II/Lower Tier II Subordinated Debt by way of bonds and/or any other capital instruments that RBI may permit from time to time, not exceeding Rs. 18,000 crs during the remaining part of FY: 2008-09 and FY: 2009-10, in tranches, with a minimum maturity of over 60 months as per RBI guidelines, through structured deals or by private placement/Retail Participation.
Letter from: State Bank of India
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