Allocations a “nightmare” for SBI’s $1.3bn primary placement
The State Bank of India’s Rs80.1bn ($1.3bn) block on January 30 may rank been the country’s biggest ever qualified institutional placement (QIP) but bankers were left frustrated by the structure and the process which meant there was a four-day gap between books closing and finalising allocations.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts