State Bank of India (SBI) raises $500 million by issuing overseas bonds, according to announcements by the bank and reports from Indian media. The sale is structured under Regulation S and is benchmarked to the 5-year US Treasury, priced at a spread of 88 basis points over the benchmark, SBI says.
Multiple outlets report strong demand for the issue. NDTV says the transaction draws an order book that peaks at $2.46 billion and involves 145 investors across different geographies. Both sources describe the offering as receiving an overwhelming response, but they provide limited additional details beyond pricing, structure, and demand figures.
Overall, the coverage aligns on the size of the bond sale, its overseas framework, the pricing spread versus the 5-year US Treasury, and the scale of investor interest reflected in the orders.
