# SBI raises $500 mn, BoB $700 mn via overseas bonds

2026-08-13T17:50:36+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets

State Bank of India has raised $500 million through a five-year Regulation S bond from its London branch, priced at a coupon of 5.25% and a spread of 88 bps over the 5-year US Treasury. The issue drew orders worth $2.46 billion from 145 investors, SBI said on Thursday. The bonds will be listed on SGX-ST, India INX and NSE-IX. Separately, Bank of Baroda raised $700 million via a dual-tranche issuance from its GIFT City unit, $400 million in three-year notes at 5.114% and $300 million in five-year notes at 5.318%. The order book peaked at $2.7 billion, nearly 3.8 times the issue size. BoB said strong demand allowed it to tighten pricing from initial guidance, achieving its tightest-ever spread over US Treasury.

## Coverage

- livemint.com <https://www.livemint.com/news/business-of-life/state-bank-of-india-raises-500-million-via-5-25-bonds-in-overseas-market-issue-attracts-2-46-billion-orders-11786639692141.html>
- newindianexpress.com <https://www.newindianexpress.com/business/2026/Aug/14/bob-raises-700-mn-via-overseas-bonds>

Tags: 5.25% coupon, bond issuance, global investors, overseas bonds, Regulation S, SBI
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