SBI raises $1.25 billion from overseas market
Issue saw strong interest from investors across geographies with a final order book in excess of $3.2 billion across more than 122 accounts
New Delhi: The country’s largest lender, State Bank of India, on Saturday said it has raised $1.25 billion through bonds from overseas market. The bank is glad to announce that the issue received an overwhelming response and saw strong interest from investors across geographies with a final order book in excess of $3.2 billion across more than 122 accounts, SBI said in a statement.
The successful issuance demonstrates the strong niche investor base SBI has created for itself in offshore capital markets, allowing it to efficiently raise funds even during periods of heightened currency and rates volatility, it said.
Bonds were listed at India International Exchange IFSC Ltd, a subsidiary of BSE, at Gujarat International Finance Tec-City (GIFT City) IFSC.
Editor's Picks »
- What to expect from Q3 results of IndiGo, SpiceJet, Jet Airways
- Forget privatisation, govt has hugged its banks tighter
- Flat profit, rising debt are growing worries for Reliance
- Q3 results: HUL growth off a high base shows it’s on a roll
- DCB Bank Q3 results: Small loans give big pain as farm, mortgages lift delinquencies