SBI returns to dollar bond market after a year, prices five-year notes 88 bps over US Treasury
Economic Times 2 hrs ago·11 Aug 2026, 1:12 pm
State Bank of India has made a comeback to the international dollar bond market after a year-long hiatus. The bank priced a five-year note at 88 basis points over US Treasuries, a tight spread that suggests strong demand from global investors. This issuance is expected to raise up to $500 million, a relatively modest amount compared to the over $2 billion in orders received during the book-building process.
This move is significant for the bank as it signals confidence from foreign investors in India's financial stability and SBI's creditworthiness. It also provides the bank with a cost-effective way to raise funds in a stable foreign currency. For investors, the event highlights the healthy appetite for high-quality Indian debt and the potential for continued capital inflows into the domestic market.
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- Category: Economy.
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