SBI's USD 600 mn foreign currency bonds listed on India INX
GSM is GIFT IFSCs leading primary market platform for raising funds from global investors.The bonds were issued through SBIs London branch and were priced at a record low coupon of 1.80 per annum, SBI said in a statement.PTI | New Delhi | Updated: 14-01-2021 22:36 IST | Created: 14-01-2021 22:33 IST
State Bank of India (SBI) on Thursday said its foreign currency bonds of USD 600 million, under its USD 10 billion global Medium Term Note Programme, have been listed on India INX's Global Securities Market (GSM) platform. GSM is GIFT IFSC's leading primary market platform for raising funds from global investors.
The bonds were issued through SBI's London branch and were priced at a record low coupon of 1.80 per annum, SBI said in a statement. SBI has been one of the biggest issuers of foreign currency bonds listed on India INX, with a total of USD 2.6 billion listed on the GSM platform with this listing.
However, it didn't disclose the acquisition cost.
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