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SBI raises $500 million in five-year dollar debt sale at 4.5% coupon rate
The New Indian Express Bhubaneswar
|September 03, 2025
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.
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