Indias largest lender, the State Bank of India (SBI), advised by Amarchand & Mangaldas & Suresh A. Shroff & Co. and Allen & Overy, has issued $1.25 billion worth of bonds on the Singapore Exchange.
The five-year bonds carry 4.1-percent interest. The offering marked the first public sector bank issue of U.S. dollar bonds out of India since May last year, and also the largest single-tranche offering by a public sector bank in India.
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