Site icon Icarus Signals. The home of economic insight

SBI Raises $600 Million Through Overseas Bonds

State Bank of India (SBI), the country’s largest bank, on Thursday raised $600 million through bonds issued to international investors at a coupon of 1.8%, which is the lowest pricing for such an issue.

State Bank of India (SBI), the country’s largest bank, on Thursday raised $600 million through bonds issued to international investors at a coupon of 1.8%, which is the lowest pricing for such an issue. The bank said that on the back of strong demand, the price guidance was revised from T+175 basis points to T+140 basis points. The issuance of bonds will happen through SBI’s London branch. The bonds will also be listed on Singapore Exchange and India International exchange at Gujarat International Finance Tec City (GIFT). “SBI has concluded the issue of $600 mio senior unsecured fixed rate notes having maturity of 5.5 years and coupon of 1.8% payable semi-annually under regulation S,” SBI said in a stock exchange filing. Regulation S provides an SEC (Securities Exchange Commission) compliant way for non-US companies to raise capital. Read more…..

Chart of the Day

Icarus TV

Looking for advice on how to accumulate your first $1,000,000? This video about how Warren Buffett, the world’s greatest investor, managed to go from ZERO to MILLIONAIRE at age 31. It will explain the events, characteristics and of course investments which helped him in achieving his early success.

Icarus Signals. The home of economic insight

Back to top