State Bank of India (SBI) is in the international bond market to raise nearly________ million in green bonds, making it the maiden issuance for the bank.

State Bank of India (SBI) is in the international bond market to raise nearly________ million in green bonds, making it the maiden issuance for the bank.

1). $600
2). $400
3). $350
4). $500

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Guest · Answer 1 · 2019-06-23 22:48:12

State Bank of India (SBI) is in the international bond market to raise nearly $500 million in green bonds, making it the maiden issuance for the bank. The tenor of the bonds is expected to be five years and the notes are to be issued by the bank’s London branch. With this issue, SBI will become compliant with the global standards as prescribed by the Climate Bonds Initiative.

State Bank of India (SBI) is in the international bond market to raise nearly________ million in green bonds, making it the maiden issuance for the bank.

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