The SBI Bond issue is open between 18Oct to 25Oct 2010.
These are unsecured bonds issued by State Bank of India.
Interest rate is 9.25% for 10 yrs and 9.50% for 15 yrs with a call option available by the bank.
Interest is taxable as income from other sources, however, no TDS is deducted, since the bonds have to be compulsorily held in demat form.
BOnds are AAA rated by CRISIL and CARE.
Details of the bond issue is attached.
Pl contact the below mentioned email/ phone for subsciption to this issue.
Thanks and best regards,
Dilshad Billimoria BBM, LUTCF CFPCM®,
Certified Financial Planner.
91.80 41512337 91.80 41136147