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SBI raises $1.25 billion through issue of overseas bond

15 Apr 2014 Evaluate

State Bank of India (SBI) has raised $1.25 billion in a dual tranche overseas bond sale, making it the largest investment grade US dollar-denominated bond transaction out of India since August 2012. This is also the largest dual-tranche offering by a state-owned bank from India.

Recently, the state run lender raised $750 million through five-year bonds and $500 million through 10-year bonds.

The total order book of the offering was in excess of $5.9 billion and was oversubscribed 4.72 times with demand from 520 investors, underscoring SBI’s strong credit profile and its position as India’s largest bank.

State Bank Of India Share Price

1039.90 -11.90 (-1.13%)
03-Jul-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1039.90
PNB 105.35
Bank Of Baroda 252.20
Canara Bank 127.15
Union Bank Of India 163.15
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