Answer & Explanation
Option: Both A & B
Explanation:
State Bank of India (SBI) raised $600 million of ‘Regulation S’ bonds — via its London branch — at a coupon rate of 1.8%. Regulation S offerings are typically referred to as “Offshore Offering” because they mainly have to either do with a foreign company creating an offering, or an US company that is offerings its debt or equity overseas, i.e. outside the United States. A Regulation S offerings is typical of many European offerings and the larger clearing firms in Europe, often grant access to their systems via a Regulation S offering.
