SBI raises $200 million through bond tap in

State Bank of India raised an additional USD 200 million through a tap of its existing bond issue maturing in July 2029. The bonds will be issued through SBI's London branch on July 17 and listed in Gift City. This follows an earlier USD 300 million three-year senior unsecured floating-rate bond issue last month, enabled by RBI measures to lower the cost of foreign-currency borrowings.