SBI to raise Rs 10,000 crore by issuing 15-year infrastructure bonds

The country’s largest lender State Bank of India (SBI) is set to raise up to Rs 10,000 crore, including a greenshoe option of Rs 5,000 crore, through 15-year infrastructure bonds, three bankers told Reuters on Monday.

The country's largest lender has invited coupon and commitment bids for the issue, which will be held on Wednesday, the bankers said.

In June, SBI successfully raised Rs 10,000 crore via 15-year infrastructure bonds at a coupon rate of 7.36 per cent.

In the last financial year, SBI raised a total of Rs 20,000 crore through two tranches of 15-year infrastructure bonds, with coupon rates of 7.54 per cent and 7.49 per cent, respectively.

(With Reuters inputs)