New Issue: State Bank of India sells €750 million 4½% notes due 2015 at mid-swaps plus 230 bps

By Christine Van Dusen

Atlanta, Nov. 22 - State Bank of India (London branch) priced €750 million 4½% notes due Nov. 30, 2015 (Baa2/BBB-/) at 99.558 to yield 4.6%, or mid-swaps plus 230 basis points, a market source said.

Barclays Capital, BNP Paribas, Credit Agricole CIB, Deutsche Bank, Standard Chartered and UBS were the bookrunners for the Regulation S deal, which was talked at a spread of mid-swaps plus 235 bps.

State Bank of India is a lender based in Mumbai, India.

Issuer:	State Bank of India
Amount:	€750 million
Maturity:	Nov. 30, 2015
Description:	Senior notes
Bookrunners:	Barclays Capital, BNP Paribas, Credit Agricole CIB, Deutsche Bank, Standard Chartered, UBS
Coupon:	4½%
Price:	99.558
Yield:	4.6%
Spread:	Mid-swaps plus 230 bps
Trade date:	Nov. 22
Settlement date:	Nov. 29
Ratings:	Moody's: Baa2
	Standard & Poor's: BBB-
Distribution:	Regulation S
Price talk:	Mid-swaps plus 235 bps

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