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SBI says to issue benchmark-sized euro bond

MUMBAI, Nov 12 (Reuters) - State Bank of India plans to issue a benchmark sized five-year euro bond, Chairman O. P. Bhatt told reporters on Friday. A benchmark bond offer is typically $500 million or more. IFR reported earlier that SBI planned a euro bond issue of 500 million to 750 million euros ($680 million-$1.02 billion). Bhatt also said there is an upward bias in interest rates, and credit growth was picking up. (1 euro= $1.36) (Reporting by Suvashree Dey Choudhury; editing by Tony Munroe) ((ami.shah@thomsonreuters.com; +91 22 6636 9246; Reuters Messaging: ami.shah.thomsonreuters.com@reuters.net))Keywords: SBI/ (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved.

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