SBI to benefit from appetite for Indian credit

India flag resized 230px
By Virginia Furness
10 Apr 2014

With Indian credits now back in favour, State Bank of India looks set to make a positive re-entry into the dollar market.

Dealers launched guidance for the dual tranche deal at 240bp over Treasuries for the five year and 264bp for the 10 year on Thursday.

The issuer was last seen in the market in April 2013, when it priced a $1bn five year at 3.25% or 255bp over Treasuries. ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial