State Bank of India gains on raising $250 million through issuance of Green Notes
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State Bank of India is currently trading at Rs. 647.40, up by 4.70 points or 0.73% from its previous closing of Rs. 642.70 on the BSE.
The scrip opened at Rs. 645.75 and has touched a high and low of Rs. 651.60 and Rs. 645.00 respectively. So far 179980 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 660.40 on 20-Dec-2023 and a 52 week low of Rs. 499.35 on 01-Feb-2023.
Last one week high and low of the scrip stood at Rs. 651.60 and Rs. 633.80 respectively. The current market cap of the company is Rs. 578136.36 crore.
The promoters holding in the company stood at 57.49%, while Institutions and Non-Institutions held 35.11% and 7.40% respectively.
State Bank of India (SBI) has raised $250 million through issuance of the Green Notes to fund sustainable projects. This issuance, maturing on December 29, 2028, is part of SBI's $10 billion medium-term note programme and was conducted through a private placement facilitated by its London branch.
Green Notes were issued on a floating rate basis of 1.20 per cent above the Secured Overnight Financing Rate (SOFR) and have been listed on the India International Exchange. Continuing its commitment towards sustainable development, proceeds will be allocated to eligible green projects according to the Bank's ESG Financing Framework.
State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.
