State Bank of India (SBI), India’s largest lender, successfully raised Rs 10,000 crore through its fifth infrastructure bond issuance, achieving a coupon rate of 7.36%. The offering, oversubscribed nearly 4 times with bids totaling Rs 19,884 crore, reflects strong investor interest from entities such as provident funds, pension funds, and mutual funds. These funds will bolster SBI’s long-term funding for infrastructure and affordable housing projects. The issuance, rated AAA with a stable outlook, aims to establish a robust long-term bond curve and promote similar offerings by other banks, stated Chairman Dinesh Khara.