SBI raises ₹10,000 cr through 5th infrastructure bond issuance at 7.36% coupon, receiving 4x oversubscription.

State Bank of India (SBI) raised ₹10,000 crore through its fifth infrastructure bond issuance at a 7.36% coupon rate, receiving an overwhelming response with bids surpassing ₹19,884 crore and an oversubscription of four times. The funds will be allocated to enhance long-term resources for infrastructure and affordable housing projects. This success could inspire other banks to issue long-duration bonds.