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SBI raises $600 mn from overseas bonds

India’s leading public sector bank, State Bank of India (SBI) on Thursday said, “It has raised $600 million from overseas bonds.”

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In a filing with the stock exchange, SBI said, “The fund raised through unsecured fixed-rate notes having a maturity of 5.50 years and coupon of 1.8% payable semi-annually under Regulation-5.”

“The will be bonds issued through our London branch office as of January 13, 2021, and shall be listed on Singapore Stock Exchange, and India International Exchange, GIFT city,” the filing added.

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