State Bank Of India

State Bank of India’s (SBI’s) foreign currency bonds of $600 million, under its $10 billion global Medium Term Note Programme, have been listed on India INX's Global Securities Market (GSM) platform. GSM is GIFT IFSC’s leading primary market platform for raising funds from global investors.

The bonds were issued through SBI's London branch and were priced at a record low coupon of 1.80 per annum.  SBI has been one of the biggest issuers of foreign currency bonds listed on India INX, with a total of $2.6 billion listed on the GSM platform with this listing.

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.