Question

State Bank of India has increased the size of its dollar bond issue to________ from $750 million which has been arranged by global banks including HSBC and JP Morgan.

A $950 million Correct Answer Incorrect Answer
B $1 billion Correct Answer Incorrect Answer
C $2.1 billion Correct Answer Incorrect Answer
D $3.5 billion Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

State Bank of India has increased the size of its dollar bond issue to $1 billion from $750 million.  While $750 million is underwritten by global banks, an additional $250 million is made available through a green shoe option arranged by global banks including HSBC and JP Morgan.

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