State Bank of India
SBI said on Thursday that it has raised US $ 600 million (Rs 4,391 crore) by selling bonds at a coupon of 1.80 per cent to international investors.
The bank said in a statement that the 5.5-year issue was in US dollars and was valued at 140 basis points (bps) against the US Treasury. According to the statement, it is the lowest pricing for any regulated S / 144A issue in the country at this maturity.
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Earlier this week, Exim Bank sold USD 1 billion at a coupon of 2.25 percent.Also read- This bank has increased interest rates on savings account by 1 percent, get it opened immediately, you will get 7 percent interest
Good response from all over the world
This offer of State Bank of India received good response from all over the world. Its demand can be gauged from the fact that orders worth $ 210 million (15.4 thousand crores) were booked. SBI Deputy MD (International Banking Group) C Venkates Nageshwar said that this shows the confidence of global investors in SBI in the banking sector of the country.
SBI is the largest bank in India
Significantly, in terms of assets, deposits, branches, customers and employees, the State Bank of India is the largest commercial bank in the country. It is also the largest mortgage lender in the country. SBI had a deposit base of 34 lakh crore as on 30 September 2020.