New Delhi, Sep 9
India's largest lender, State Bank of India on Tuesday announced the listing of its recently issued $500 million Regulation S bonds at NSE International Exchange (NSE-IX) at GIFT City.
The bonds were issued at a coupon rate of 4.50 per cent at NSE-IX. The bond that has also been approved for listing on Singapore Exchange Securities Trading Limited (SGX-ST), is priced at a spread of 75 bps over the benchmark, a release from the bank said.
Regulation S bonds have received credit ratings of BBB from S&P and BBB- from Fitch.