![SBI raises ₹10,000 crore via infra bonds; stock falls](https://images.assettype.com/fortuneindia%2F2022-04%2Ff2474878-b4b4-4419-a9d4-6969b843a2c9%2FSBI_05245_copy.jpg?rect=0,0,2160,1080&w=300&q=95)
SBI raises ₹10,000 crore via infra bonds; stock falls
SBI’s infra bonds had a base issue size of ₹4,000 crore and a greenshoe option of ₹6,000 crore.
SBI’s infra bonds had a base issue size of ₹4,000 crore and a greenshoe option of ₹6,000 crore.
Fundraising also includes a greenshoe option of ₹5,000 cr. SBI stock rises to an intra-day high of ₹613.50.
The improvement in credit profile reflects the raft of policy decisions that have helped shore up the attractiveness of India's infra sector, says CRISIL.
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.