Banks, investors turn a blind eye to SBI's Carmichael link

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Banks, investors turn a blind eye to SBI's Carmichael link

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Alex - stock.adobe.com

State Bank of India successfully raised $600m with a bond issue underwritten by leading investment banks on Wednesday, just weeks after big investors divested from its green bonds because of its apparent intention to finance the controversial Carmichael coal mine being developed in Australia.

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