State Bank Of India

State Bank of India (SBI) has concluded a landmark $1 billion syndicated social loan, making it the largest ESG loan raised by a commercial bank in the Asia Pacific market. The loan is of $500 million of primary issue and an equal amount in greenshoe option. It is also the maiden such issuance from the nation's largest lender. The deal is the largest ESG (Environmental, Social and Governance) loan by a commercial bank in the Asia Pacific and the second largest social loan globally.

The transaction is significant for SBI and the domestic ESG financing market since it is the largest ESG loan by a commercial bank in the region. It is the maiden social loan from the bank and also the first syndicated loan in the past five years.

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.