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SBI raises Rs 10,000 crore through infrastructure bond

03 Dec 2022 Evaluate

State Bank of India (SBI) has raised Rs 10,000 crore through its maiden infrastructure bond issuance on December 02, 2022 at coupon rate of 7.51%. This is the largest single infrastructure bond issued by any Bank in the country. The amount raised through bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment. The tenor of these bonds is 10 years.

The issue attracted overwhelming response from investors with bids of Rs 16,366 crore and was oversubscribed by about 3.27 times against the base issue. The issuance with 143 bids also demonstrates the confidence of investor class. This also very clearly demonstrates the maturity of Indian investors in their selection of Issuers of such instruments. The Bank has AAA credit rating from domestic credit rating agencies for these instruments.

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.

SBI Share Price

1113.40 33.05 (3.06%)
20-Apr-2026 12:53 View Price Chart
Peers
Company Name CMP
SBI 1113.40
PNB 114.75
Canara Bank 143.95
Bank Of Baroda 285.25
Union Bank Of India 191.65
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