State Bank of India will raise Rs2,000 crore
State Bank of India will raise Rs2,000 crore from the market through a retail bond issue that will open on 21st February.
The bonds will attract coupon rates between 9.75% to 9.95% for retail investors.
The issue is of Rs1,000 crore with an option to increase it by a similar amount if the market demands it, and is part of the bank's planned Rs10,000-crore retail bond programme in FY11 through FY12, to shore up its Tier 2 capital.
The 10-year bond will offer a coupon of 9.75% to the retail investor, the 15-year bond will fetch 9.95% to him. The bonds that will open on 21st February and close on 28th February will be listed on both the BSE and NSE.
Sundaram Mutual Fund new issue opens on 16th February and closes on 1st March
Sundaram Mutual Fund has launched Sundaram Fixed Term Plan-AK, a close-ended income scheme.
The objective of the scheme would be to generate income with minimum volatility by investing in debt and money market securities, which mature on or before the maturity of the scheme.
The new issue opens on 16th February and closes on 1st March. The minimum investment amount is Rs5,000.
Principal Mutual Fund new issue opens on 16th February and closes on 17th February
Principal Mutual Fund has launched Principal Pnb Fixed Maturity Plan-91 Days-Series XXVIII, a close-ended income scheme.
The investment objective of the scheme is to build an income oriented portfolio and generate returns through investment in debt/money market instruments and government securities.
The new issue opens on 16th February and closes on 17th February. The minimum investment amount is Rs5,000.