State Bank of India (SBI) has raised $750 million under its $10 billion Global Medium Note programme to fund its overseas business growth. The fund was raised at INX’s Global Securities Market (GSM), GIFT International Financial Services Centre (IFSC) at Gandhinagar from global investors. The bonds were issued through SBI’s London Branch to fund offshore business growth and were priced competitively. This demonstrates strong investor confidence in the country’s largest bank and paves the way for a strong pipeline of foreign currency bond issuances this year.
State Bank of India (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.
