State Bank Of India's Proposed Senior Unsecured Issue Rated 'BBB-' - S&P Global Ratings’ Credit Research

State Bank Of India's Proposed Senior Unsecured Issue Rated 'BBB-'

State Bank Of India's Proposed Senior Unsecured Issue Rated 'BBB-' - S&P Global Ratings’ Credit Research
State Bank Of India's Proposed Senior Unsecured Issue Rated 'BBB-'
Published Jul 21, 2010
976 words — Published Jul 21, 2010
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Abstract:

MUMBAI (Standard&Poor's) July 21, 2010--Standard&Poor's Ratings Services said today that it had assigned its 'BBB-' issue rating to the proposed senior unsecured notes to be issued by State Bank of India (SBI; BBB-/Stable/A-3). The proposed notes would have the following features: -- They will constitute unsecured and unsubordinated obligations of the bank. -- They will rank pari passu with all of the bank's unsecured and unsubordinated obligations. -- They will rank ahead of all subordinated debt issues. -- The tenor would be about five years. -- The notes would be listed on the Singapore Exchange. -- The notes have not been registered under the Securities Act and may be sold only to "qualified institutional buyers" in

  
Brief Excerpt:

RESEARCH State Bank Of India's Proposed Senior Unsecured Issue Rated '###-' Publication date: 21-Jul-2010 Primary Credit Analyst: Geeta Chugh, Mumbai (91)22-3342-1910; geeta_chugh@standardandpoors.com Secondary Credit Analyst: Deepali...

  
Report Type:

Ratings Action

Ticker
SBIN@IN
Issuer
State Bank of India
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
India
Region
United States
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MLA:
S&P Global Ratings’ Credit Research. "State Bank Of India's Proposed Senior Unsecured Issue Rated 'BBB-'" Jul 21, 2010. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/State-Bank-Of-India-s-Proposed-Senior-Unsecured-Issue-Rated-BBB-810357>
  
APA:
S&P Global Ratings’ Credit Research. (). State Bank Of India's Proposed Senior Unsecured Issue Rated 'BBB-' Jul 21, 2010. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/State-Bank-Of-India-s-Proposed-Senior-Unsecured-Issue-Rated-BBB-810357>
  
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