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Question

Which of the following statements is/are correct with reference to the ‘Regulation S’ bonds?

A Regulation S offerings are typically referred to as “Offshore Offering”.
B 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.
C Both A & B
D None of these
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.
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