State Bank of India on Thursday hit the international bond market to raise about 1 billion Rs 5,430 crore in a five-year dollar-bond sale programme.
Written by Press Trust Of India
New Delhi |
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State Bank of India on Thursday hit the international bond market to raise about 1 billion Rs 5,430 crore in a five-year dollar-bond sale programme.
SBI hit the overseas bond market with a benchmark issue 500 million or above. The initial pricing of the fixed rate,five-year senior unsecured bond is fixed at US treasury plus 275 basis points, a merchant banker said.
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