State Bank of India (SBI) is reportedly planning to raise dollar funds through its maiden issuance of green bonds in the international market. The bank was looking to raise at least $500 million and will decide on the pricing and issue size only after getting a commitment.
Green bonds are regular bonds which are used to fund sustainable green projects. Green bonds generally attract lower coupon than regular bonds. Some international investors are allowed to invest only in green bonds.
SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
