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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1062.80
9.90 (0.94%) SBI raises $100 million via green bonds
Date: 30-03-2020State Bank of India (SBI) has raised $100 million green bonds, the first such bond by any state-owned bank in this fiscal. The bonds were priced at 3M Libor + 80 basis points. The lender has already two climate bond initiative certified green bond issuances, aggregating $700 million.
The bank has adopted the green bond framework with an objective to create a positive impact on the environment and this transaction is yet another step as part of the sustainability journey.
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.