SBI raises Rs. 10000 crore via infra bonds

SBI announced that it raised Rs. 10,000 crore after issuing 15-year infrastructure bonds at the coupon rate of 7.54%. The bank said that the proceeds will be directed towards bolstering long-term resources for funding critical infrastructure projects and supporting the affordable housing segment.

SBI said that the bank attracted bids of Rs. 21,698 crores, a staggering 4.34 times the base issue size, indicating robust demand for these financial instruments. The bank further informed that the investors range from various sectors including provident funds, pension funds, insurance companies, mutual funds, corporates, etc.