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SBI raises $1.25 bn via bonds from overseas market for biz expansion

SBI has concluded the standalone issuance of fixed rate senior unsecured notes in two tranches of $850 mn for 5 years

Press Trust of India  |  New Delhi 

SBI

Country's largest lender (SBI) on Thursday said it has raised $1.25 billion (about Rs 8,800 crore) through from overseas market to fund its business expansion. 

The bank has concluded the standalone issuance of fixed rate senior unsecured notes in two tranches of $850 million for 5 years with a coupon of 4.375 per cent and $400 million for 3 years with a coupon of 4 per cent payable semi-annually, said in a regulatory filing. 

The will be issued through the London branch of the bank and will be listed on Singapore Stock Exchange and lndia lnternational Exchange, GIFT City, it said.  

First Published: Thu, January 17 2019. 14:05 IST
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