Thursday, November 21, 2019
News

SBI raises US $1.25 billion funds through bonds from overseas market

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Ahmedabad (Gujarat) | January 19, 2019 9:41:37 PM IST
SBI Chairman Rajnish Kumar on Saturday said that India's largest public sector lender has raised US $ 1.25 billion through bonds from the overseas market.

Kumar said: "State Bank of India, the country's largest bank, has raised US $ 1.25 billion through bonds from the overseas market."

"We are 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 US $ 3.2 billion across more than 122 accounts," he said.

"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," Kumar added.

"We are delighted to note that SBI's US $ 1.25 billion fundraising was well received by international investors. This firmly establishes INDIA INX and GIFT IFSC as a credible and competitive international jurisdiction for raising capital from global investors," said V Bala, Managing Director, and CEO, INDIA INX,

Bombay Stock Exchange's (BSE) India International Exchange IFSC Ltd (INDIA INX) has also welcomed the SBI's issuance of bonds worth US $ 1.25 billion for listing on its Global Securities Market (GSM).

GSM is India's first and leading capital raising platform for international investors in any currency, located at the Gujarat International Finance Tec-City (GIFT City) IFSC.

The listing ceremony for US$ 1.25 billion bond issuance was conducted on January 19 at GIFT IFSC, which was presided over by SBI Chairman Kumar, in the presence of Ashishkumar Chauhan, Chairman, INDIA INX, and V Balasubramaniam, MD, and CEO, INDIA INX. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Big ticket strategic sale of BPCL, CONCO...
Govt plans sops to attract global manufa...
Telcos have to pay Rs 1.47 lakh cr as AG...
Telecom sector debt at a massive Rs 7.88...
New LCR framework to strengthen NBFCs' l...
Hand in hand India celebrated Child Righ...
More...
 
INDIA WORLD ASIA
UGC circular to higher educational insti...
Delhi: Fire breaks out in sales tax buil...
Congress-NCP-Sena govt to be formed in M...
Hyderabad: Woman techie commits suicide ...
Lucknow : District Commandant Home Guard...
'Very poor' air quality leaves Delhi gas...
More...    
 
 Top Stories
England score 241/4 at stumps on da... 
ValueMomentum wins best Global Busi... 
Malegaon blast accused Pragya Thaku... 
Indian Navy rescues woman in emerge... 
Day-night Test would be a challenge... 
ADB, Alibaba establish strategic pa... 
SRK sends 'love' to acid attack sur... 
Going with Shiv Sena for govt forma...