Sep. 3 at 6:35 AM
$SBI makes history in global debt markets
India’s largest lender raised
$500M through 5-year dollar bonds at just 75 bps over U.S. Treasuries — the tightest-ever spread for any Indian issuer.
What changed?
Backed by
$SP’s upgrade of India’s sovereign rating (BBB → BBB+), boosting investor appetite.
Initial guidance was 105 bps, but strong demand compressed pricing by 30 bps.
Meanwhile at home 🇮🇳:
$SBI cleared plans to raise up to ₹200B via Basel-III bonds in FY26
Also prepping ₹50B AT-1 perpetual bonds with 5/10-year call options
A clear signal of global confidence in Indian financials and SBI’s balance sheet strength.
$SBI $BONDS $INR $SP $INDIAMARKETS $INVESTING $BANKS $US10Y $EMERGINGMARKET