SBI issues $500 million bond at record-tight pricing

raised $500 million from international investors at the tightest pricing ever for an Indian entity, 75 basis points above the 5-year US treasury rate. This is tighter than SBI's previous issue in November and 30 basis points lower than initial guidance. The tight pricing reflects increased investor appetite for India following its upgraded credit rating by Standard & Poors. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.