SBI mandates seven for $500m borrowing

india_temple_230px
By Pan Yue
29 Oct 2018

State Bank of India has mandated seven banks for a $500m offshore borrowing, returning to the market just two months after closing its last facility.

CTBC Bank, DBS, HSBC, First Abu Dhabi Bank, Sumitomo Mitsui Banking Corp, Westpac and United Overseas Bank are the mandated lead arrangers and bookrunners, said a banker close to the situation.

The borrowing has a longer tenor of five years compared to the $750m three year deal ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial