Business Standard

SBI raises $100 mn via green bonds amid volatile market conditions

The bond issue was done through private placement.

SBI plans to mop up Rs 5,000-crore debt capital via tier-II bonds
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The bonds were priced at around 2 per cent (three-month London Inter-Bank Offer Rate of 1.10-15 per cent + 80 basis points).

BS Reporter
The country’s largest lender State Bank of India has raised $100 million through two-year green bonds in  very volatile market conditions. The bonds were priced at around 2 per cent (three-month London Inter-Bank Offer Rate of 1.10-15 per cent + 80 basis points). The bond issue was done through private placement.

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First Published: Mar 29 2020 | 12:05 AM IST

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