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SBI concludes issuance of $100 million foreign bonds
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MUMBAI: The 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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Read more on economictimes.indiatimes.com
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