State Bank of India follows UBI in Swiss success

Less than one month after Union Bank of India’s landmark Swiss franc transaction, the first from an Indian borrower for 23 years, State Bank of India this week priced a Sfr325m ($335m) five year deal that provided further evidence of the strength of the country’s financial institutions and their attraction to a Swiss franc investor base that is broadening its horizons. Indian corporates are expected to be next in line.