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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1052.90
23.50 (2.28%) State Bank of India raises $600 million from bonds
Date: 07-01-2021State Bank of India (SBI) has concluded the issuance of $600 million (about Rs 4,500 crore) from bonds to fund expansion of overseas business. The fund raised through senior unsecured fixed rate notes having maturity of 5.50 years and coupon of 1.80 per cent payable semi-annually under Regulation-S.
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.