SBI to issue infrastructure bonds after 16-month gap
India’s largest lender, State Bank of India (SBI), plans to issue infrastructure bonds in March after a gap of around 16 months.
The bank may sell 7-year or 10-year bonds to raise up to ₹100 billion ($1.09 billion). SBI last sold infrastructure bonds in November 2024, raising the same amount through 15-year notes, News.Az reports, citing Reuters.
Infrastructure bonds are used to finance long-term development projects, and three Indian lenders have raised ₹250 billion so far this financial year, sharply lower than the ₹892 billion raised last year.
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Other state-run banks may also issue bonds this month to tap investor demand, including major insurance and provident fund institutions, the bankers added. SBI declined to comment officially, citing policy restrictions.
By Aysel Mammadzada
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