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

    Question

    State Bank of India has issued bonds worth  ________ of

    senior 5-year notes at a coupon  of 4.875%.
    A $750 million Correct Answer Incorrect Answer
    B $650 million Correct Answer Incorrect Answer
    C $570 million Correct Answer Incorrect Answer
    D $480 million Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    State Bank of India concluded the sale of $750-million worth of senior 5-year notes at a coupon of 4.875%.SBI had mandated six banks — HSBC, Citigroup, JPMorgan, Standard Chartered Bank, MUFG, Emirates NBD — as joint global coordinators and lead managers.

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