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State Bank Of India
BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
1034.70
-2.45 (-0.24%) SBI raises $300 million from Regulation S Formosa bonds
Date: 14-01-2022State Bank of India (SBI) has raised $ 300 million from Regulation S Formosa bonds offering a coupon of 2.49 per cent. Formosa bond is a bond issued in Taiwan.
The bonds will be listed on Taipei Exchange (TPEx), Singapore Exchange Securities Trading (SGX-ST) and India International Exchange IFSC (India INX).
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.