Team Blitz India
NEW DELHI: SBI is planning to raise funds through Regulation S bonds, adding that the roadshows could begin as early as next week. Bank officials have held discussions with about six bond arrangers, an official source said aid.
“It is better if they do not wait much longer since there will be a surge in dollar bond issuances later in January and beyond. It will be announced soon,” said the person.
Raised by foreign issuers in the US, Regulation S bonds cannot be subscribed to by US citizens. While the tenor of the bond could not be immediately ascertained, SBI had raised five-year $750 million in Regulation S bonds in April 2023. Those bonds were benchmarked against the five-year US treasury rates and priced at a spread of 145
