The state-run bank made this announcement after market hours on Thursday, 26 July 2012.

Meanwhile, the BSE Sensex was up 192.05 points or 1.15% to 16,831.87.

On BSE, 92,000 shares were traded in the counter as against average daily volume of 6.51 lakh shares in the past one quarter.

The stock hit a high of Rs 2,066 and a low of Rs 2,034.55 so far during the day.

The stock had underperformed the market over the past one month till 26 July 2012, falling 4.68% compared with the Sensex's 1.58% fall. The scrip had also underperformed the market in past one quarter, sliding 6.58% as against Sensex's 2.87% fall.

State Bank of India (SBI) said the bonds will be issued through the bank's London branch on 1 August 2012 and it will be listed on Singapore Stock Exchange.

SBI's consolidated net profit jumped 304.9% to Rs 5042.12 crore on 33.3% growth in total income to Rs 53501.73 crore in Q4 March 2012 over Q4 March 2011.

SBI is India's largest commercial bank with a network of over 13,000 branches and 5 associate banks. The bank offers a wide range of banking products and services to corporate and retail customers. The Government of India (GoI) holds 61.58% stake in SBI (as per the shareholding pattern as on 30 June 2012).