The State Bank of India (SBI) has completed the placement of $250 million senior unsecured green floating rate notes.
The notes are set to mature on December 29, 2028, and have been listed on the Global Securities Market of the India International Exchange. The floating rate is determined at 1.20 per cent above the secured overnight financing rate. This bond issuance is part of SBI’s $10 billion medium-term note program.