SBI aims ₹100 bn infra bond issue by mid-July
The Free Press Journal|June 19, 2024
After raising funds in the offshore market earlier this year, India's largest lender, State Bank of India, is charting out plans to borrow up to 100 bln rupees through infrastructure bonds in the domestic market by the end of this month or by mid-July, sources aware of the development told Informist.
SBI aims ₹100 bn infra bond issue by mid-July

"Yes, we are planning to come up with infrastructure bonds, but this might take some time. We are looking at either the end of June or midJuly. However, dates are not finalised yet as the board has just given the approval. The amount might be 10,000 crores (100 bln rupees) but it has not been finalised yet," a source in the know said.

This could be the first infrastructure bond issue by a bank in the current financial year.

This story is from the June 19, 2024 edition of The Free Press Journal.

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This story is from the June 19, 2024 edition of The Free Press Journal.

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