SBI is planning to raise funds through Regulation S bonds, said the person cited above, adding that the roadshows could begin as early as next week. Bank officials have held discussions with about six bond arrangers, the person cited above said.
"It is better if they do not wait much longer since there will be a surge in dollar bond issuances later in January and beyond. It will be announced soon," said the person cited above, who spoke on condition of anonymity.
Raised by foreign issuers in the US, Regulation S bonds cannot be subscribed to by US citizens. While the tenor of the bond could not be immediately ascertained, SBI had raised five-year $750 million in Regulation S bonds in April 2023. Those bonds were benchmarked against the five-year US treasury rates and priced at a spread of 145 basis points over the benchmark.
This story is from the January 04, 2024 edition of Mint Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the January 04, 2024 edition of Mint Mumbai.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
The key to unlocking the luxury market of India
Brands planning to make a mark in India, a global luxury hotspot, need to respect the country's deeply ingrained value-driven approach
Fans Of K-pop, K-drama are driving South Korea tourism
As the popularity of Korean culture rises, more tourists are planning trips around their favourite shows
Berners-Lee wants to get the internet back from Big Tech
The web's prime mover has a plan to decentralize power again
Labelling norms: Useful reforms can be delivered in tiny packages
Process rejigs such as making rule-changes for pack labelling less unpredictable would aid business planning and save costs
HR must give itself and people a new sense of purpose
Is human resources (HR) as a corporate function in a coma? I often ask people across organizational hierarchies that I deal with: \"When was the last time you turned to HR and felt genuinely supported or inspired?\"
India's tourism target is reachable if we try hard
India aims to attract 100 million foreign visitors annually by 2047, more than 10 times last year's count. What must we do to bring this eye-popping visitor target within realistic reach?
DPI serves as a catalyst for innovation and competition
Some scholars and practitioners have argued that digital public infrastructure (DPI) could lead to monopolization and stifle private innovation by creating large government-controlled platforms that overshadow private players.
Nuclear energy is back in vogue thanks to AI's insatiable demand
AI poses a conundrum as it promises to worsen and help us address climate change at the same time
TAX BREAKS, REFORMS & RETURNS: NRIs BETTING BIG ON INDIA
GIFT City could be an attractive destination for efficient cross-border financial investments
Are all overseas OPD expenses covered under travel insurance?
Can I claim treatment costs while abroad under travel insurance if it's not a hospitalization but treated in an OPD, including doctor consultations, X-rays and medicines?
