The State Bank of India, the largest lender in the country on Saturday declared that the bank has raised US$ 1.25 billion from international market through the channel of bonds.
SBI said in a statement said that the bank is glad to announce that the issue received an overwhelming response and saw strong interest from investors across geographies with a final order book in excess of $3.2 billion across more than 122 accounts.
SBI also added that the successful issuance demonstrates the strong niche investor base SBI has created for itself in offshore capital markets, allowing it to efficiently raise funds even during periods of heightened currency and rates volatility.
Bonds were listed at India International Exchange IFSC Ltd, a subsidiary of BSE, at Gujarat International Finance Tec-City IFSC.
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