Announced Mon, 29 Jun · 17:14 IST
SBI raises USD 300 million senior unsecured floating rate notes via London branch
Fund Raising View source PDF
SBIN · price
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Price reaction · full curve 14 horizons · vs prior close
+0.6%1-day move
₹1038.15
prior close
₹1040.00
base price
After-mkt
timing
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AI summary
SBI has concluded issuance of USD 300 million senior unsecured floating rate notes through its London branch. Bonds have 3-year maturity with coupon of SOFR plus 100 basis points per annum, payable quarterly in arrears. Issued under Regulation-S format, with settlement scheduled for 6th July 2026. The issuance helps SBI diversify funding sources by tapping international dollar debt markets.
Likely market impact
Shows SBI's continued access to overseas debt markets. Size is modest versus overall borrowings, so limited material impact for shareholders.