Bond and NFO to watch out for

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Bonds

SBI to raise Rs 12,000 cr from bonds by March 2012

The country's largest lender, State Bank of India (SBI) said it plans to raise Rs 12,000 crore through bonds to fund its business growth.  The executive committee of the central board of the bank has accorded approval for raising the capital for an aggregate amount of Rs 10,000 crore by way of the issue of Tier II bonds, SBI informed the Bombay Stock Exchange.  The fund would be raised during the remaining period of 2010-11 and 2011-12 in different tranches.  Besides, the bank also plans to raise Rs 2,000 crore from bonds offered to retail investors. The board has also given approval for raising Rs 1,000 crore with a green shoe option.  The first retail bond issue of Rs 1,000 crore by SBI was made in October which was subscribed over 17 times on the opening day itself. The bank had to curtail the subscription period as the response to the bonds was beyond anticipation.

Union Bank to raise $200 million overseas in two months

State-owned Union Bank of India said it is planning to raise USD 200 million (about Rs 900 crore) from the overseas market in the next two months through a bond issue.  The funds raised would be utilised for funding overseas business.  In the last four months, the bank has raised USD 400 million from medium-term notes and USD 175 million from bonds.

NFO (New Fund Offer)

ICICI Prudential FMP S 53 - 3 Years Plan C

Scheme Objective

The investment objective of the Plan under the Scheme is to seek to generate regular returns by investing in a portfolio of fixed income securities/ debt instruments which mature on or before the date of maturity of the plan/scheme.

Fund category	Debt - FMP
Scheme plan	Growth, Dividend
Scheme type	Closed Ended
Launch date	5-Jan-11
Initial Price	Rs 10
Min investment	Rs 5,000
Entry load	Nil
Exit load	Nil
AMC	ICICI Prudential Asset Management Co. Ltd.

Reliance Fixed Horizon Fund XVII - Series 3

Scheme Objective

The primary investment objective of the scheme is to seek to generate regular returns and growth of capital by investing in a diversified portfolio of Central and State Government securities and other fixed income/ debt securities normally maturing in line with the time profile of the scheme with the objective of limiting interest rate volatility.

Fund category	Debt - FMP
Scheme plan	Growth, Dividend
Scheme type	Closed Ended
Launch date	6-Jan-11
Initial Price	Rs 10
Min investment	Rs 5,000
Entry load	Nil
Exit load	Nil
AMC	Reliance Capital Asset Management Ltd.

Religare FMP Series IV - Plan F

Scheme Objective

The investment objective of the scheme is to generate income by investing in a portfolio of debt and money market instruments normally maturing in line with the duration of the scheme.

Fund category	Debt - FMP
Scheme plan	Growth, Dividend
Scheme type	Closed Ended
Launch date	7-Jan-11
Initial Price	Rs 10
Min investment	Rs 5,000
Entry load	Nil
Exit load	Nil
AMC	Religare Asset Management Company Ltd.