State Bank of India's MYR500 Million Fixed-Rate Notes Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research

State Bank of India's MYR500 Million Fixed-Rate Notes Assigned 'BBB-' Rating

State Bank of India's MYR500 Million Fixed-Rate Notes Assigned 'BBB-' Rating - S&P Global Ratings’ Credit Research
State Bank of India's MYR500 Million Fixed-Rate Notes Assigned 'BBB-' Rating
Published Mar 27, 2008
471 words — Published Mar 27, 2008
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Abstract:

SINGAPORE (Standard&Poor's) March 28, 2008--Standard&Poor's Ratings Services said today it assigned its 'BBB-' rating to the proposed senior unsecured five-year Malaysian ringgit (MYR) 500 million fixed-rate notes to be issued by State Bank of India (SBI; BBB-/Stable/A-3), acting through its London branch. SBI will be the first Indian issuer to tap the Malaysian bond market since authorities announced guidelines, in April 2004, allowing such issuances by foreign entities. The senior bonds will constitute direct, unconditional, unsubordinated, and unsecured obligations of the bank and will rank pari passu with all of the bank's unsecured and unsubordinated obligations, and ahead of all subordinated debt issues. SBI will use the proceeds of this issue to meet funding requirements for

  
Brief Excerpt:

RESEARCH State Bank of India's MYR500 Million Fixed-Rate Notes Assigned '###-' Rating Publication date: 27-Mar-2008 Primary Credit Analyst: Ritesh Maheshwari, Singapore (65) 6239-6308; ritesh_maheshwari@standardandpoors.com Secondary...

  
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
Format:
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MLA:
S&P Global Ratings’ Credit Research. "State Bank of India's MYR500 Million Fixed-Rate Notes Assigned 'BBB-' Rating" Mar 27, 2008. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/State-Bank-of-India-s-MYR500-Million-Fixed-Rate-Notes-Assigned-BBB-Rating-639508>
  
APA:
S&P Global Ratings’ Credit Research. (). State Bank of India's MYR500 Million Fixed-Rate Notes Assigned 'BBB-' Rating Mar 27, 2008. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/State-Bank-of-India-s-MYR500-Million-Fixed-Rate-Notes-Assigned-BBB-Rating-639508>
  
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