State Bank Of India

State Bank of India (SBI) has raised Rs 9,718 crore through its second infrastructure bond issuance on January 18, 2023 at coupon rate of 7.70 per cent. The proceeds of bonds will be utilized in enhancing long term resources for funding infrastructure and affordable housing segment. The tenor of these bonds is 15 years. The issue attracted overwhelming response from investors with bids of Rs 14,805 crore and was oversubscribed by about 2.96 times against the base issue.

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.