SBI fundraise touches ₹50,000 cr in FY25
The Hindu
State Bank of India raised ₹10,000 crore through infrastructure bonds, attracting overwhelming investor response, reaching ₹50,000 crore fundraising this year.
With the raising of ₹10,000 crore from infra bonds, SBI's total fundraising has touched ₹50,000 crore so far during the current financial year.
The country's biggest lender, State Bank of India, raised ₹10,000 crore through its seventh infrastructure bond issuance earlier this month.
“The bank garnered ₹5,000 crore AT1 Bonds, ₹15,000 crore Tier 2 Bonds and ₹30,000 crore Long Term Bonds till date during FY25 at a very competitive rate,” SBI said in a statement.
“All these issues have attracted overwhelming responses from investors and were oversubscribed by more than 2 times against the respective base issue size,” it said.
SBI Chairman C. S. Setty said that wider participation and heterogeneity of bids demonstrated the trust investors place in the country’s largest bank.
The investors were across provident funds, pension funds, insurance companies, mutual funds, banks etc, it said.
These bonds have a 15-year tenor except for the AT1 Bonds, which are perpetual. Last month, SBI mobilised funds via Additional Tier 1 bonds.
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