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SBKJY State Bank Of India (PK)

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Share Name Share Symbol Market Type
State Bank Of India (PK) USOTC:SBKJY OTCMarkets Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -

Tata Motors Hires State Bank Of India To Help Borrow $500 Million: Source - Bloomberg News

31/08/2011 6:33am

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Tata Motors Ltd. (500570.BY) has hired State Bank of India (500112.BY) to help it borrow $500 million in a term loan, Bloomberg News reported Wednesday, citing an unnamed source.

Bloomberg said the two-part facility consists of a $200 million portion which matures in five years and a $300 million portion which matures in seven. The loan will be marketed in Taiwan, Singapore and the U.K., the report said.

The loan is expected to be be completed in mid-October, the report said. The report didn't indicate if it sought Tata, the owners of Jaguar Land Rover, or SBI for comment.

Full story: http://www.bloomberg.com/news/2011-08-31/tata-motors-said-to-hire-state-bank-to-raise-500-million-loan-from-banks.html

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