SBI PUTS RIB PROCEEDS INTO GOVT SECURITIES
Article Abstract:
The State Bank of India (SBI) has swapped $600 million out of the proceeds of the Resurgent India Bonds issue for Indian rupees with the Reserve Bank of India. The deal is worth Rs2550 crore in rupee terms. The money has been ploughed back into government securities through Reserve Bank's open market operations. It is estimated that SBI has placed Rs400 crore in 11.75 percent 2003 paper, Rs1750 crore in 11.57 percent 2004 paper and Rs250 crore in 11.19 percent 2005 paper. (khr)
Comment:
Swaps $600 mil out of the proceeds of the Resurgent India Bonds issue for Indian rupees with the Reserve Bank of India
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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RBI HIKES YIELDS ON GOVT PAPER
Article Abstract:
The Reserve Bank of India (RBI) has increased the yield on its issue of 10-year dated government security which matures in the year 2008, from 12 percent to 12.10 percent. The yield on its six- year paper maturing in 2004 AD has been raised from 11.50 percent to 11.75 percent. The issues will be open from June 19, 1998. RBI's decision to increase yields comes a day after its one percent cut in its daily fixed repo rate. (gs)
Comment:
Increases yield on its issue of 10-year dated government security which matures in the year 2008 from 12% to 12.10%
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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SBI GETS INTO SWAP MODE
Article Abstract:
The State Bank of India (SBI) has done a yen-rupee swap worth 2.89 billion yen with the Housing Urban Development Company. It has also concluded a $100 million swap deal with ICICI for fixed interest rupee funds. ICICI gave $50 million of five years maturity and $50 million of seven years maturity for which SBI has given about Rs400 crore at a fixed interest rate of equal maturities. (khr)
Comment:
Has done a yen-rupee swap worth 2.89 bil yen with Housning Urban Development
Publication Name: Economic Times
Subject: Business, international
ISSN: 0013-0389
Year: 1998
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