State Bank of India picks five for dollar bond issue
State Bank of India has mandated five banks to arrange its first international bond sale in over two years, raising hopes for a renewed surge of new issues from the Indian market.
SBI picked Barclays Capital, Citi, HSBC, JPMorgan and UBS to run the deal, which is not expected to be officially announced for two weeks. It is likely to be denominated in dollars, but the maturity has not been decided.
The deal will mark SBIs first trip to the international
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