SBBJ closes subordinated bond issue offer

New Delhi, Aug 9 (UNI) The State Bank of Bikaner and Jaipur today said it has ordered the closure of its Rs 250 crore subordinated bond issue.

The issue had a green-shoe option to retain oversubscription of Rs 250 crore, with a tenor of 120 months and a coupon rate of 9.15 per cent per annum.

The issue to augment Tier-II Capital of the Bank has been fully subscribed, a company statement said, and added that the private placement offer stand, now, remains closed with immediate effect.

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