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SBI raises $300 million from Regulation S Formosa bonds

14 Jan 2022 Evaluate

State Bank of India (SBI) has raised $ 300 million from Regulation S Formosa bonds offering a coupon of 2.49 per cent. Formosa bond is a bond issued in Taiwan.

The bonds will be listed on Taipei Exchange (TPEx), Singapore Exchange Securities Trading (SGX-ST) and India International Exchange IFSC (India INX).

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 991.10
PNB 116.60
Bank Of Baroda 234.50
Canara Bank 122.85
Union Bank Of India 177.60
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