SBI raises USD 750 million via bonds

New Delhi: State Bank of India (SBI) on Thursday said it has raised USD 750 million through bonds to fund offshore business growth.

The country's biggest lender has concluded the issue of USD 750 million senior unsecured fixed rate notes having maturity of 5 years and coupon of 4.875 per cent



payable semiannually under Regulation-S, SBI said in a filing.

"The bonds will be issued through our London branch as of May 5, 2023 and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City," it said.