IFLR1000

State Bank of India $2.3 billion QIP issue

6/6/2017
Private placement of shares, Qualified institutional placement (QIP)
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$ 2.3 billion

Completed

6/6/2017

Overview:

  • State Bank of India (SBI) has offered a $2.3 billion in a qualified institutional placement (QIP).
  • The offer was made pursuant to Rule 144A/Reg S.
  • SBI is the largest commercial bank in India.
  • This is the largest QIP and equity offering ever made in India and the third largest equity offering from Asia-Pacific this year.
  • State Bank of India has previously made a Re80 billion QIP, the largest offer at the time..

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal types:

Private placement of shares
Qualified institutional placement (QIP)

Practice areas:

Capital markets : Debt
Capital markets : Equity

Governing law:

India

Industry sectors:

Banking
Financial services

Firms:
Allen & Overy

Party: Deutsche Equities India (Lead manager, Bookrunner)

Party: DSP Merrill Lynch (Lead manager, Bookrunner)

Party: IIFL (Lead manager, Bookrunner)

Party: JM Financial (Lead manager, Bookrunner)

Party: Kotak Mahindra Capital (Lead manager, Bookrunner)

Party: SBI Capital Markets (Lead manager, Bookrunner)

Lawyer: Julie Song

Cyril Amarchand Mangaldas

Party: State Bank of India (Issuer)

Shardul Amarchand Mangaldas & Co

Party: Deutsche Equities India (Lead manager, Bookrunner)

Party: DSP Merrill Lynch (Lead manager, Bookrunner)

Party: IIFL (Lead manager, Bookrunner)

Party: JM Financial (Lead manager, Bookrunner)

Party: Kotak Mahindra Capital (Lead manager, Bookrunner)

Party: SBI Capital Markets (Lead manager, Bookrunner)

Lawyer: Prashant Gupta

Squire Patton Boggs

Party: State Bank of India (Issuer)

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