State Bank of India taps dollar bond market with five-year issue: Report
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SBI is likely to raise at least $500 million through the issue, with the final size dependent on investor demand. The initial price guidance has been set at 120 basis points over U.S. Treasuries. The lender has begun marketing the bonds and is expected to complete the sale before the end of the week, the bankers said, requesting anonymity as they are not authorised to speak to media. The State Bank of India is set to tap into the dollar debt market, aiming to raise a minimum of $500 million by issuing five-year bonds. Marketing for this public offering is underway, with expectations to finalize the sale within the week. This move follows a previous postponement of a larger issue due to escalating borrowing costs. SBI had planned to raise $1 billion through a dollar bond sale in June but deferred the issuance after borrowing costs rose due to heavy supply from Indian lenders. The lender did not immediately reply to a Reuters email seeking comment outside business hours. (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .) Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today. Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
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