Chennai, Jan 17 (IANS) Global credit rating agency Moody's Investors Service on Tuesday gave a Baa3 rating to State Bank of India's (SBI) proposed US dollar denominated senior unsecured notes.
The notes are issued under SBI's $10 billion Medium-Term-Note (MTN) programme.
The drawdown will be carried out from its London branch, and the bonds will be listed on the Singapore Stock Exchange.
The outlook on the ratings, where applicable, is positive.
The senior debt rating is subject to receipt of final documentation, the terms and conditions of which are not expected to change in any material way from the draft documents reviewed by Moody's.
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.