SBI concludes issuance of $100 million foreign bonds

MUMBAI: The State Bank Of India has concluded the issuance of $100 million foreign bonds which will be issued through SBI’s London branch on June 20 2024.

These mio senior unsecured floating rate notes have a maturity of three years and coupon of SOFR+95 bps, the bank said. The secured overnight financing rate or the SOFR is a benchmark interest rate for dollar denominated loans.