State Bank of India lists USD 1.25 billion bond issuance on INDIA INX Global Securities Market

22 January 2019 – Jaipur: BSE’s India International Exchange IFSC Ltd. (“INDIA INX”) welcomes State Bank of India’s (SBI) USD 1.25 billion bonds issuance for listing on its Global Securities Market (“GSM”), India’s first and leading capital raising platform for international investors in any currency, located at the Gujarat International Finance Tec-City (“GIFT City”) IFSC.

The listing ceremony for the USD 1.25 billion bond issuance conducted on the 19th of January 2019 at GIFT IFSC was presided by Shri Rajnish Kumar, Chairman, SBI in the presence of Shri Ashishkumar Chauhan, Chairman, INDIA INX and Shri V. Balasubramaniam, MD & CEO, INDIA INX. SBI has also listed a USD 650 million green bond issuance on INDIA INX.

Mr. V. Bala, MD and CEO, INDIA INX said, “We are delighted to note that SBI’s USD 1.25 billion fund raising was well received by international investors. This firmly establishes INDIA INX and GIFT IFSC as a credible and competitive international jurisdiction for raising capital from global investors. We thank SBI team for reposing this trust on our platform and congratulate them on their success”.

Mr. Rajnish Kumar, Chairman, STATE BANK OF INDIA said, “State Bank of India, the country’s largest Bank, has raised USD 1.25 billion through bonds from overseas market. We are glad to announce that the issue received an overwhelming response and saw strong interest from investors across geographies with a final order book in excess of USD 3.2 billion across more than 122 accounts. The successful issuance demonstrates the strong niche investor base SBI has created for itself in offshore capital markets allowing it to efficiently raise funds even during periods of heightened currency and rates volatility.”