Economic TimesLean R·
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.
Read at Economic Times →
