Tag: bonds

MUMBAI: The State Bank of India (SBI), the country's largest lender, achieved a milestone by raising Rs 10,000 crores through its fourth infrastructure bond issuance, garnering an enthusiastic response from investors.The bonds were issued at a coupon rate of 7.49 per cent, further establishing SBI's strong position in the market, the SBI said in a release.The offering attracted a substantial response from investors, with total bids amounting to Rs 21,045.10 crores, significantly oversubscribing the base issue size of Rs 4,000 crores.The response showcased the diversity of investors, including...