Finance, Forex and Investments

CBI (Central-Bank-of-India).jpg

Summary: coupon of 8 per cent (benchmarked to repo rate plus spread of 100 basis points). The coupon rate would be readjusted annually based on the prevailing repo rate on the relevant date. This move would help the State-owned bank to improve its earnings per share ahead of an Initial Public Offering (IPO) expected before March-end 2007. Advantages The conversion of equity

Image Dimensions: 120 x 125