SBI to raise $500-600mn in offshore borrowing

State Bank of India plans to raise USD 500-$600 million worth of offshore external commercial borrowings in three to four months time, a senior executive said on Tuesday.

April 16, 2013 / 17:22 IST

26 Aug, 2025 12:21

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State Bank of India plans to raise USD 500-600 million worth of offshore external commercial borrowings in three to four months time, a senior executive said on Tuesday.

India's largest lender priced a five-year, USD 1 billion bond issue with a coupon of 3.25 percent last week, generating interest of more than four times the bond size, said Hemant Contractor, managing director of international business.

first published: Apr 16, 2013 03:48 pm

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