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View Full Version : SBI Bonds - Earn upto 9.25% per annum



CONFUSED
20-10-2010, 12:23 AM
Key Highlights of the Issue :

Retail Application upto Rs. 5 lakhs with a 50% reservation for Retail
HNI (application of >Rs. 5 lakhs) Reservation of 25%
Attractive Coupon Rate of 9.25% for 10 year bond & 9.50% for 15 year bond
Call option at the end of 5 years for the 10 year bond & 10 year call for the 15 year bond
Step up coupon of 0.5% if the call option is not exercised
No Lock-in period
Allotment on a First Come First Serve Basis
Allotment of bonds in Demat form
Bonds will be listed on NSE and will provide a platform for trading of the Bonds
No TDS since the Bonds are listed and issued in dematerialized form