SBI Raises USD 250 Million Via Bonds
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SBI raises USD 250 million through bonds to fund foreign business. Bonds mature in 12 months with SOFR + 50 bps coupon.
Photograph: Shailesh Andrade/Reuters
New Delhi, Jan 28 (PTI) State Bank of India (SBI) on Wednesday said it has raised USD 250 million (about Rs 2,250 crore) through bonds to fund its foreign business.
These unsecured bonds would have maturity of 12 months and coupon rate of 50 basis points over Secured Overnight Financing Rate (SOFR) payable quarterly in arrears, SBI said in a regulatory filing.
These bonds will be issued through SBI's London branch on February 2, 2026, it said.
These unsecured bonds would have maturity of 12 months and coupon rate of 50 basis points over Secured Overnight Financing Rate (SOFR) payable quarterly in arrears, SBI said in a regulatory filing.
These bonds will be issued through SBI's London branch on February 2, 2026, it said.
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