SBI fully redeems notes of $308,250,000.00

State Bank of India has today fully redeemed all the outstanding Notes in an aggregate principal amount of US$300,000,000.00 and an aggregate accrued amount of interest of US$ 8,250,000.00 for a total sum of US$ 308,250,000.00, which comprises, in the case of each Note, 100.00 per cent of the principal amount of each Note together with any interest accrued from the last interest payment date to (but excluding) the First Call Option Date, calculated in accordance with the Conditions.

The issuer also wishes to announce that following the full redemption of all the outstanding Notes on the First Call Optional Redemption Date, the Notes have been cancelled in accordance with the Conditions and there are no outstanding Notes.

Shares of State Bank Of India, was last trading in BSE at Rs. 439 as compared to the previous close of Rs. 438.95. The total number of shares traded during the day was 1009951 in over 12883 trades.

The stock hit an intraday high of Rs. 442.75 and intraday low of 436.25. The net turnover during the day was Rs. 443698642.

Source : Equity Bulls

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