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State Bank of India has raised $100 million by issuing bonds on a Swiss Exchange in December, the exchange said in statement.
In December, news agency PTI reported that the country's largest lender has decided to raise $ 300 million by way of issuing bonds and the proceeds would be used for general corporate purposes.
This is the second USD denominated bond issued by an Indian company recently on SIX Swiss Exchange, one of Europe’s many exchanges.
In 2014, ICICI Bank had also issued a USD denominated bond raising $150 million on the exchange.
In the past, tenures ranging from 3.5 to 10 years have been issued carrying an interest rate between 3.95 and 4.20 per cent for USD bonds.
It is not clear, at what rate SBI raised this amount or the tenure of the bonds.
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