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sb_MY

sb_MY

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Published by: sanjeevkunte on Apr 11, 2011
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Private and Confidential Information Memorandum
STATE BANK OF MYSORE
(Associate of the State Bank of India)Head Office: K. G. Road, Bangalore – 560 009, Karnataka.Tel No: 080 2235 3901 3909 Fax: 080 2228 3684Contact Person: Mr. S. Shiva Kumar Email: cmshares@sbm.co.inWebsite:www.mysorebank.com 
PRIVATE PLACEMENT OF UNSECURED, REDEEMABLE, NON-CONVERTIBLE, SUBORDINATEDBONDS AGGREGATING TO Rs. 250 CRORESGENERAL RISKS
Investors are advised to read the Risk factors carefully before taking an investment decision in this offering. For taking an investment decision the investor must rely on their examination of the offeror and the offer including therisks involved. The securities have not been recommended or approved by Securities and Exchange Board of India(SEBI) nor does SEBI guarantee the accuracy or adequacy of this document. Specific attention of investors isinvited to the Risk Factors on page
 
9 of the Information Memorandum of Private Placement.
OFFEROR’S ABSOLUTE RESPONSIBILITY
The Offeror, having made all reasonable inquiries, accepts responsibility for, and confirms that this InformationMemorandum contains all information with regard to the Offeror and the Offer, which is material in the context of the Offer, that the information contained in this Information Memorandum is true and correct in all materialaspects and is not misleading in any material respect, that the opinions and intentions expressed herein arehonestly held and that there are no other facts, the omission of which makes this document as a whole or any of such information or the expression of any such opinions or intentions misleading in any material respect.The Arranger is not required to file this document with SEBI/ROC as it is on private placement and not an Offer tothe general Public.
CREDIT RATING
ICRA Ltd. has assigned a LAAA (pronounced L Triple A) rating to the captioned debt programme of the Bank.This rating indicates
highest credit quality
rating assigned by ICRA. The rated instrument carries the lowestcredit risk. Also, CRISIL Limited has assigned a ‘AAA/Stable’ (Pronounced ‘Triple A with stable outlook’) ratingto the captioned Bond issue. This rating indicates
highest degree of safety
with regard to timely payment of interest and principal on the instrument. The ratings are not recommendations to buy, sell or hold Securities andinvestors should take their own decision. The ratings may be subject to revision or withdrawal at any time by theassigning rating agencies and each rating should be evaluated independently of any other rating. The ratingsobtained are subject to revision at any point of time in the future. The rating agencies have a right to suspend,withdraw the rating at any time on the basis of new information, etc.
LISTING
The Unsecured Redeemable Non-Convertible Subordinated Bonds are proposed for listing on the Debt MarketSegment of The Stock Exchange, Mumbai. (‘BSE’) 
Lead Arrangers to the Private Placement Registrars to the PlacementIDBI Capital Market Services Limited
8th Floor, Bakhtawar, 229, Nariman Point,Mumbai – 400 021.Tel: (022) – 56371212Fax: (022) – 22885848www.idbicapital.com Email: info@idbicapital.net
SBI Capital Markets Limited
202, Maker Tower ‘E’,Cuffe Parade,Mumbai – 400 005.Tel: 022 2218 9166Fax: 022 2218 8332www.sbicaps.com
 
Canbank Computer Services Limited
R&T Centre, Naveen Complex,4th Floor, # 14, M. G. Road,Bangalore – 560 001Tel: 080 2532 0541/42/43.Fax: 080 2532 0544Email:
 
Offer Opens on: 22
nd
November, 2005 Offer Closes on: 28
th
November, 2005
 
 TABLE OF CONTENTSDefinitions and Abbreviations 3Disclaimer 7Risk Factors and Management Perception 9Part II. Introduction 18II. General Information 18III. Capital Structure of the Bank 21IV. Object of the Offering 23V. Terms of the Present Placement 24VI. Tax Benefits 36VII. Bank and Management 40VIII. Promoters, Group Companies, Joint Ventures and Associates 58IX. Financial Statements 65X. Management Discussion and Analysis 80XI. Outstanding Litigation, Defaults and Material Developments 82XII. Other Regulatory and Statutory Disclosures 84XIII. Investor Grievances and Redressal System 89XIV. Main Provisions of the SBI (SB) Act 90XV. Material Contracts and Documents for Inspection 100Part IIDeclaration 1032
 
 
DEFINITIONS AND ABBREVIATIONS
DEFINITIONS Term(s) Description
Board/Board of The Board of Directors of State Bank of Mysore or a committee thereof DirectorsBook Closure/ The date of closure of register of Bond for payment of interest.Record DateBonds Unsecured Redeemable Non-Convertible Subordinate BondsSBM/Offeror/Bank State Bank of Mysore constituted under the State Bank of India(Subsidiary Banks) Act, 1959Depository A depository registered with SEBI under the SEBI (Depositories andParticipant) Regulations, 1996, as amended from time to timeDepositories Act The Depositories Act, 1996, as amended from time to timeDepository Participant A depository participant as defined under the Depositories ActDirector(s) Director(s) of State Bank of Mysore unless otherwise specifiedFinancial Period of twelve months ended March 31 of that particular year Year/Fiscal/FYFIPB Foreign Investment Promotion BoardHead Office of the K. G. Road, Bangalore 560 009, Karnataka.Bank ITSL/Trustee IDBI Trusteeship Services Ltd.Issue/Offer/ Private Placement of the BondsPrivate PlacementIssuer/Offeror State Bank of MysoreInformationMemorandum/ The Offer Document for the Private Placement of BondsMemorandum/Offer DocumentI.T. Act The Income-Tax Act, 1961, as amended from time to timeOffer Size 2500 Unsecured Redeemable Non-Convertible Subordinate Bonds of Face Value Rs. 10,00,000/- Each Aggregating Rs. 250 Crores.3

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