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SBI raises $100 million via senior unsecured floating rate notes

14 Jun 2024 Evaluate

State Bank of India (SBI) has concluded the issuance of $100 million Senior Unsecured Floating Rate Notes having maturity of 3 years and coupon of SOFR+95 bps p.a. payable quarterly in arrears under Regulation-S. The Bonds will be issued through its London branch as of June 20, 2024.

State Bank of India 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 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
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