SBI to issue bonds up to USD 300 million under reverse enquiry

Fixes pricing of USD 100 million 10 year senior unsecured fixed rate note

State Bank of India has decided to issue bond under Reverse Enquiry up to US$ 300 million for 3year/ 5year/ 10 year at T+140 bps, T+160 bps, T+185 bps respectively, through issuance of senior unsecured fixes rate notes. Accordingly, the bank has finalised the pricing of US$ 100 million 10 year senior unsecured fixed rate note at a fixed pricing of T+175 with a fixed yield of 4.045.

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