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SBI raises $300 million under RBI's ECB swap window
State Bank of India has successfully raised $300 million by issuing three-year senior unsecured floating-rate bonds in overseas markets. This move comes after the Reserve Bank of India introduced measures to reduce the cost of foreign-currency borrowings, offering a concessional forex swap facility. The issuance, managed through SBI's London branch, features a coupon tied to the Secured Overnight Financing Rate plus 100 basis points.
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thehindubusinessline.com
SBI concludes issuance of 3-year $300 m floating rate notes to attract foreign currency deposits
SBI issues $300 million floating rate notes to attract foreign currency deposits amid rising interest rates for FCNR (B) accounts.
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economictimes.indiatimes.com
SBI raises $300 million under RBI's ECB swap window
State Bank of India has successfully raised $300 million by issuing three-year senior unsecured floating-rate bonds in overseas markets. This move comes after the Reserve Bank of…
