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SBI raises Rs 9,718 crore through second infrastructure bond issuance

19 Jan 2023 Evaluate

State Bank of India (SBI) has raised Rs 9,718 crore through its second infrastructure bond issuance on January 18, 2023 at coupon rate of 7.70 per cent. The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment. The tenor of these bonds is 15 years. The issue attracted overwhelming response from investors with bids of Rs 14,805 crore and was oversubscribed by about 2.96 times against the base issue.

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.

State Bank Of India Share Price

1027.10 -9.35 (-0.90%)
30-Jun-2026 16:59 View Price Chart
Peers
Company Name CMP
State Bank Of India 1027.10
PNB 106.80
Bank Of Baroda 272.80
Canara Bank 125.45
Union Bank Of India 172.40
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MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

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