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SBI raises $600 million from bonds to fund overseas business expansion

State Bank of lndia (SBI) on Thursday said it has concluded the issuance of $600 million (about Rs 4,500 crore) from bonds to fund expansion of overseas business

sbi | Bonds

Press Trust of India  |  New Delhi 


State Bank of lndia (SBI) on Thursday said it has concluded the issuance of USD 600 million (about Rs 4,500 crore) from to fund expansion of overseas business.

The fund raised through senior unsecured fixed rate notes having maturity of 5.50 years and coupon of 1.80 per cent payable semi-annually under Regulation-S, said in a regulatory filing.

"The will be issued through our London branch as of January 13, 2021, and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City," it said.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, January 07 2021. 13:14 IST