SBI Raises Rs 50,000 Crore Via Domestic Bonds So Far In FY25
SBI raised Rs 5,000 crore through additional tier-I bonds, Rs 15,000 crore through tier-II bonds and Rs 30,000 crore through infrastructure bonds.
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State Bank of India has raised Rs 50,000 crore through domestic bond issuances in the current financial year, the state-owned lender said in a press release.
Of the total amount of fundraising, the bank raised Rs 5,000 crore through additional tier-I bonds, Rs 15,000 crore through tier-II bonds and Rs 30,000 crore through infrastructure bonds.
"All these issues have attracted overwhelming response from investors and were oversubscribed by more than two times against the respective base issue size," the lender said.
Investors included provident funds, pension funds, insurance companies, mutual funds and banks.
Earlier this month, Chairman CS Setty said the state-owned bank would like to access the market for infrastructure bonds as there is sizeable interest among investors. He said that the bank would tap the market to raise Rs 20,000 crore through infra bonds in the second half of the current financial year.
