State Bank Of India

State Bank of India (SBI) has raised $750 million through bonds to fund offshore business growth. The country's biggest lender has concluded the issue of $750 million senior unsecured fixed rate notes having maturity of 5 years and coupon of 4.875 per cent payable semiannually under Regulation-S.

The Bonds will be issued through its London branch as of May 05, 2023 and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City. Earlier this month, the bank's board had approved a proposal to raise $2 billion (about Rs 16,000 crore) from bonds to fund its global operations.

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.