SBI to raise up to Rs 10,000 crore via infrastructure bonds in Q4 of FY23

UCO Bank mulls AT1 offering to raise Rs 1,000 cr

State Bank of India (SBI) is planning to raise up to Rs 10,000 crore via infrastructure bonds during the current quarter ending March 2023. 

The country’s largest lender may float a public offering of these bonds or place them privately, the bank said in a filing with the BSE.

In December 2022, it had raised Rs 10,000 crore through a maiden issue of 10-year infrastructure bonds carrying a coupon of 7.51 per cent.

According to JM Financial Services, in calendar year 2022, lenders raised Rs 27,600 crore through infrastructure bonds, up from Rs 19,196 crore in 2020.

Lenders who tapped