![SBI raises $600 mn via dollar bonds](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 $600 mn via dollar bonds
The U.S. dollar-denominated senior unsecured notes will be part of the India-based bank's $10 billion medium-term note programme.
The U.S. dollar-denominated senior unsecured notes will be part of the India-based bank's $10 billion medium-term note programme.
SBI’s NII surged 12.27% to ₹39,500 cr, while NIM stood at 3.43, down 12 bps YoY
The issue was oversubscribed almost 4 times with bids of ₹15,907 crore against the base issue size of ₹4,000 crore, said SBI.
The funds will be raised by the issue of debt instruments, including Basel III compliant additional tier 1 and tier 2 bonds
Latest fundraising comes a month after the Dinesh Khara-led public sector lender raised ₹3,717 crore through Tier 1 bond at a coupon rate of 8.25%.
The board of the PSU lender is scheduled to meet on April 18 to consider the fundraising proposal.