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SBI raises $500 million in five-year dollar debt sale at 4.5% coupon rate
September 03, 2025
|The New Indian Express Kochi
THE country's largest lender State Bank of India has said it has raised $500 million from international debt investors through an unsecured fixed rate notes, offering 4.50% to investors in annual returns.
With this, the bank has closed the foreign debt issue.
The issue of unsecured fixed rate notes comes after India's sovereign rating upgrade to BBB with stable outlook by international ratings agency S&P after 18 years holding it at BBB-, which also followed bank's own rating upgrade. In a statement, chairman CS Setty said the bond is benchmarked against the 5-year US treasury and the final price spread came at 75 bps over the benchmark.
هذه القصة من طبعة September 03, 2025 من The New Indian Express Kochi.
اشترك في Magzter GOLD للوصول إلى آلاف القصص المتميزة المنسقة، وأكثر من 9000 مجلة وصحيفة.
هل أنت مشترك بالفعل؟ تسجيل الدخول
المزيد من القصص من The New Indian Express Kochi
The New Indian Express Kochi
Trump-Xi
TALKS SUCCESSFUL, 10% TARIFF DOWN. TIME FOR INDIA TO WRAP UP ITS PACT
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The New Indian Express Kochi
Man killed, hostage drama over
Police rescue 17 children and two adults from Powai studio after tense two-hour standoff
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The New Indian Express Kochi
After fresh evidence in probe, NIA seeks more info from US on Rana
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October 31, 2025
The New Indian Express Kochi
ChatGPT's payment portal: The new e-commerce battleground?
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3 mins
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The New Indian Express Kochi
India's singles bid ends, holder Linda stunned
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1 mins
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The New Indian Express Kochi
IIT-M prof to lead CBSE expert panel to develop AI curriculum for Class 3
THE Central Board of Secondary Education (CBSE) has constituted an expert committee chaired by IIT-Madras professor Karthik Raman to develop a curriculum for artificial intelligence and computational thinking (AI & CT) for Class 3 students. The education ministry recently decided that this subject would be introduced from the foundation level for students from the academic year 2026-2027.
1 mins
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The New Indian Express Kochi
Why should I get abuse alone, bemoans Gadkari
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1 min
October 31, 2025
The New Indian Express Kochi
Kotian, Suthar strikes help India A limit SA A
SOUTH Africa A resisted through a century-stand between Jordan Hermann and Zubayr Hamza, but India A spinners, led by Tanush Kotian, plucked wickets at regular intervals to keep the visitors to 299 for nine on the first day of the opening four-day match here on Thursday.
1 min
October 31, 2025
The New Indian Express Kochi
Trailblazers and Next-gen leaders, the South Africa story
NADINE de Klerk was running in to bowl the third delivery of the 43rd over at the ACA Stadium in Guwahati.
1 mins
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The New Indian Express Kochi
HC slams Soren govt over HIV cases among kids from blood transfusion
THE Jharkhand HC on Thursday pulled up officials after reports surfaced of children testing HIV positive following blood transfusions in a government hospital in West Singhbhum.
1 min
October 31, 2025
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