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SBI raises $600 million from bonds

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State Bank of lndia (SBI) on Thursday mentioned it has concluded the issuance of USD 600 million (about Rs 4,500 crore) from bonds to fund enlargement of abroad enterprise.

The fund raised by means of senior unsecured mounted price notes having maturity of 5.50 years and coupon of 1.80 per cent payable semi-annually beneath Regulation-S, SBI mentioned in a regulatory submitting.

“The bonds might be issued by means of our London department as of January 13, 2021, and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City,” it mentioned.

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