SBI raises US Dollar 1.25 billion via bonds

By: |
Published: January 17, 2019 2:10:58 PM

Country's largest lender State Bank of India (SBI) Thursday said it has raised USD 1.25 billion (about Rs 8,800 crore) through bonds from overseas market to fund its business expansion.

SBI raises US Dollar 1.25 billion via bonds

Country’s largest lender State Bank of India (SBI) Thursday said it has raised USD 1.25 billion (about Rs 8,800 crore) through bonds 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 USD 850 million for 5 years with a coupon of 4.375 per cent and USD 400 million for 3 years with a coupon of 4 per cent payable semi-annually, SBI said in a regulatory filing.

The bonds 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.

Get live Stock Prices from BSE and NSE and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Like us on Facebook and follow us on Twitter.