Question
SBI has raised Rs 10,000 crore through 15-year infrastructure bonds priced at a rate of 7.49 per cent. What is the greenshoe option amount for the infrastructure bonds issued by the State Bank of India (SB
- I ?
Solution
State Bank of India (SBI) has raised Rs 10,000 crore through 15-year infrastructure bonds priced at a rate of 7.49 per cent. The pricing was five basis points cheaper than coupon fixed at 7.54 per cent for such bonds issued in July. The bond offer had two components: base issue size of Rs 4,000 crore and a greenshoe option of Rs 6,000 crore.
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