MUMBAI, February 2: Gujarat State Financial Corporation Ltd (GSFC) has successfully completed its priority sector bond issue on January 23 with an overwhelming response of subscriptions of Rs 125 crore above the issue size of Rs 75 crore.All the responses received were under the Government Guaranteed Option and the pricing was fixed at 11.75 per cent. The bond issue with a 8 year tenure was arranaged by ANZ Investment Bank as the lead manager. According to Prakash Subramanian, Assistant Director, ANZ Investment Bank, " Despite the firming up of interest rates over the last fortnight, banks have stood by their commitments."
