The Indian bank bonds everyone wants
Traders bet the nation's biggest lender will buy them back within the next 10 weeks
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London
FOR all the hurdles faced by Indian lenders, there are bank bonds out there that investors can't get enough of.
State Bank of India's perpetual notes - so called because they lack a fixed maturity date - are being hoarded and hunted by traders betting the nation's biggest lender will buy them back within the next 10 weeks as it puts its capital structure in line with Basel regulations.
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