3 Indian banks make it to top 50 by assets in Asia-Pacific region in 2023
In the list, State Bank of India is at the 20th position, HDFC Bank at 33 and ICICI Bank at 48th spot.
Country’s largest lender, the State Bank of India (SBI) on Thursday said it has concluded the issuance of $600 million (about Rs 4,500 crore) from bonds in order to fund an expansion of overseas business.
The fund raised through senior unsecured fixed rate notes having maturity of 5.50 years, SBI said.
In a regulatory filing, the lender said, “the State Bank of India has concluded the issue of USD 600 Mio Senior Unsecured Fixed Rate Notes having maturity of 5’50 years and coupon of 1.80 per cent payable semi-annually under Regulation-S.”
Advertisement
“The bonds will be issued through our London branch as of January 13, 2021, and shall be listed on Singapore Stock Exchange and India International Exchange, GIFT City,” it added.
Advertisement
