State Bank of India (SBI) has raised $100 million green bonds, the first such bond by any state-owned bank in this fiscal. The bonds were priced at 3M Libor + 80 basis points. The lender has already two climate bond initiative certified green bond issuances, aggregating $700 million.
The bank has adopted the green bond framework with an objective to create a positive impact on the environment and this transaction is yet another step as part of the sustainability journey.
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.
