SBI board raises $300 Mio through Senior Unsecured Notes with 5 years maturity

13 Jan 2022 , 01:41 PM

State Bank of India stocks in focus on Thursday after it has concluded the issue of USD 300 Mio Senior Unsecured Fixed Rate Notes having maturity of 5 years and coupon of 2.49 percent payable semi-annually under Regulation-S.

As per regulatory filing, the Bonds will be issued through their London Branch as of January 26, 2022 and shall be listed on Taipei Exchange (TPEx), singapore stock Exchange and lndia lnternational Exchange, GIFT City, said the SBI.

Earlier on April 28, 2021 the Bank has informed about the approval accorded by the Executive Committee of the Central Board for examining the status and decide on long term fund raising in single / multiple tranches up to US$ 2 Billion (US$ Two Billion) through a public offer and / or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY2021 – 22.

At around 1:41 PM, State Bank of India was trading at Rs511.10 per piece up by Rs0.95 or 0.19% on Sensex.