Page 32 - Global Medium Term Note Programme News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Power Finance Corporation launched issuance of U. S.$500,000,000 3.35 per cent notes due 2031 under the U. S.$5,000,000,000 Global Medium Term Note Programme. The Notes have been priced on 21 January 2021 and carry a coupon of 3.35% per annum payable in arrear on each Interest Payment Date. The settlement date for the Notes is expected to be 29 January 2021. Unless previously redeemed pursuant to the terms and conditions of the Notes, the Notes will mature on 16 May 2031 and principal and interest payments will be made in U. S. Dollars. The Notes will be listed on the Singapore Exchange Secu...

The bonds were issued through SBI's London branch and were priced at a record low coupon of 1.80 per annum. The low coupon reflects investor confidence in the country's largest bank and paves the way for a strong pipeline of foreign currency bond issuances in the year 2021.Stat

Photo Credit: IANS IANSLive New Delhi, Jan 14 (IANS) State Bank of India, the country's largest bank, listed foreign currency bonds of $600 million under its $10 billion Global Medium Term Note Programme on India INX's Global Securities Market (GSM) GIFT IFSCs primary market platform for raising funds from global investors. To get full access of the story, click here to subscribe to IANS News Service © 2021 IANS India Private Limited. All Rights Reserved. The reproduction of the story/photograph in any form will be liable for legal action. For news, views and gossips, follow IANS at Twitter...