SBI concludes $500-m bond issue

State Bank of India on Tuesday said it has concluded the issue of $500 million fixed rate Senior Unsecured Notes with maturity of five years at a coupon of 3.25 per cent payable semi-annually under Regulation-S. The bonds will be issued through the bank’s London branch as of January 24, 2017, and will be listed on the Singapore Stock Exchange, the bank said in a notice to the BSE.