ADVERTISEMENT
NewsMadura
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
  • Latest Stories
  • Business
  • World
  • Politics
  • Science & Space
  • Entertainment
  • Technology
  • Health
  • Sports
  • Auto
  • Travel
  • Lifestyle
No Result
View All Result
NewsMadura
No Result
View All Result
Home News Business

SBI raises Rs 9,718 Crore in second tranche of infrastructure bonds

Jatin Batra by Jatin Batra
January 18, 2023
in Business
0
SBI raises Rs 9,718 Crore in second tranche of infrastructure bonds
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter


Last updated: January 18, 2023, 7:05 PM IST

Proceeds from the fund will be used to strengthen long-term resources to finance infrastructure and affordable housing.

This is the second fundraising since early December when it had raised Rs 10,000 crore through infra bonds

State Bank of India (SBI) said on Wednesday it has raised Rs 9,718 crore through the second infrastructure bond issuance at a coupon rate of 7.70 per cent per annum for the 15-year money. This is the second fundraising since early December when it had swept up Rs 10,000 crore through infra bonds.

Proceeds from the fund will be used to strengthen long-term resources to finance infrastructure and affordable housing, the bank said in a statement. The issue attracted good response from investors with bids of Rs 14,805 crore, indicating an oversubscription of 2.96 times from 118 bidders, SBI said, and investors included mutual funds, provident and pension funds and insurers.

The 7.70 percent pricing represents a spread of 17 bps across the G-Sec curve. Before that, as of 6 December 2022, the bank had raised Rs 10,000 crore through infrastructure bonds, with a spread of 17 basis points on the corresponding G-Sec curve. This issuance is significant given that this is the first time a domestic bank has issued a 15-year infrastructure bond, helping it provide long-term lending to the infrastructure segment.

Read all the latest business news here

(This story has not been edited by News18 staff and was published from a syndicated news agency feed)

Tags: bondsCroreinfrastructureNewsMaduraRaisesSBITranche
Previous Post

India’s coal production target at over 1 billion tons for FY24: Govt

Next Post

Video Captures Snapshots Fired at US High School Basketball Game

Jatin Batra

Jatin Batra

Editor

Next Post
Video Captures Moment Shots Fired During High School Basketball Game In US

Video Captures Snapshots Fired at US High School Basketball Game

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

    • Trending
    • Comments
    • Latest
    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    How Fermented Foods Can Change Your Microbiome and Improve Your Health

    August 13, 2021
    Buy tool boxes

    Buy tool boxes

    August 23, 2021
    There are no flights departing or landing at Kabul airport, the Pentagon says.

    There are no flights departing or landing at Kabul airport, the Pentagon says.

    August 16, 2021
    NDTV News

    Photos: Taliban’s Kabul Takeover Caps Afghanistan Blitz

    August 16, 2021
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    0
    NDTV News

    Krsnaa Diagnostics IPO: Here’s How To Check Assignment Status

    0
    NDTV News

    Syrian President Bashar al-Assad issues decree to form new government: Twitter presidency

    0
    Asus ROG Phone 5s Specifications Tipped; May Come With Snapdragon 888 Plus SoC, Up to 18GB RAM

    Asus ROG Phone 5s Specifications tipped; May come with Snapdragon 888 Plus

    0
    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    'Operation Cookie Monster': The Dutch arrest their most wanted suspect in cyber case - News18

    ‘Operation Cookie Monster’: The Dutch arrest their most wanted suspect in cyber case – News18

    July 25, 2023
    NDTV News

    SpiceJet plane catches fire at Delhi airport during maintenance

    July 25, 2023

    International News,Latest Stories,Breaking News-NewsMadura

    Follow Us

    Browse by Category

    • Africa
    • Americas
    • Asia
    • Auto
    • Baseball
    • Basketball
    • Business
    • Cricket
    • Entertainment
    • Europe
    • Gadget
    • Health
    • India
    • Latest Stories
    • Lifestyle
    • Middle East
    • Politics
    • Science & Space
    • Soccer
    • Sports
    • Technology
    • Tennis
    • Travel
    • U.S.
    • US Politics
    • World

    Recent News

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    DeSantis is cutting campaign staff by more than a third, aiming to keep costs in check

    July 25, 2023
    NDTV News

    Ensure violence ends in Manipur: Human rights panel tells state government

    July 25, 2023
    • About
    • Advertise
    • Privacy & Policy
    • Contact

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura

    No Result
    View All Result
    • Latest Stories
    • Business
    • World
    • Politics
    • Science & Space
    • Entertainment
    • Technology
    • Health
    • Sports
    • Auto
    • Travel
    • Lifestyle

    ©Copyright 2021 NewsMadura - Stay ahead with NewsMadura