MoneyWorks4Me

SBI raises $650 million via green bond issue

20 Sep 2018 Evaluate

State Bank of India (SBI) has raised funds through issue of $650 Mio Green Senior Unsecured Fixed Rate Notes having maturity of 5 years and coupon of 4.5 percent payable semiannually. The Bonds will be issued through its London branch as of September 28, 2018 and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City.

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.

Peers
Company Name CMP
State Bank Of India 984.50
PNB 116.80
Bank Of Baroda 232.40
Canara Bank 123.90
Union Bank Of India 177.45
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