SBI raised $ 600 million

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Mumbai State Bank of India (SBI), the largest public sector bank (PSU), issued a statement on Thursday, saying it has raised US $ 600 million by selling bonds at a coupon of 1.80 percent to international investors.

SBI said in its statement that the 5.5-year issue was in US dollars and was valued at 140 basis points (bps) against the US Treasury.

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