SBI concludes issuance of $100 million foreign bonds

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(You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channelThe State Bank Of India has concluded the issuance of $100 million foreign bonds which will be issued through SBI s London branch on June 20 2024.These mio senior unsecured floating rate notes have a maturity of three years and coupon of SOFR+95 bps, the bank said. The secured overnight financing rate or the SOFR is a benchmark interest rate for dollar denominated loans

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