New Enroll in RBI Grade B New Batch - Starts on May 21

    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.

    Practice Next

    Relevant for Exams: