News
SBI announces successful execution of $500 m offshore borrowing from IFSC Gift City
Mumbai, April 18, 2022: State Bank of India (SBI), acting through its IFSC Gift City branch, raised 3-year funds of USD 500 million through syndicated loan facility.
Commenting on the transaction, Ashwini Kumar Tewari, Managing Director, SBI said, “The successful launch of Syndicated loan at such a fine pricing demonstrates the kind of reputation SBI has created for itself in offshore financial markets allowing it to efficiently raise funds even during ongoing turbulence in the markets caused by geopolitical tensions and rate hike expectations by US Federal reserve and other central banks across the globe. This is another important step taken by us to promote IFSC Gift City as international financial hub”.
MUFG, Bank of America and JP Morgan were the Joint lenders for this offering whereas Fist Abu Dhabi Bank acted as facility agent.
-
Interviews1 week ago
High Rental Yield, Price Appreciation, Stable Growth, Make Sydney an Ideal Realty Investment Option: Haansal Estate
-
News2 days ago
Tenant Experience Platform, Aeria, Raises $1.8 m Pre-Seed Round Led by Kalaari and Foundamental Along With Others
-
News4 weeks ago
Transindia Real Estate To Sell Jhajjar Logistics Park, ₹ 636.71 cr+ Ent. Value
-
News2 days ago
AIPL’s Business Club Secures Rs 100/sq ft Rental on Golf Course Extn Road, Gurugram
-
News14 hours ago
GOCL Corporation monetises 264.50 acres of land asset in Kukatpally for Rs 3402 cr
-
News14 hours ago
Sacred Cities See a Retail Boom as Spiritual Tourism Surge: CBRE Report
-
News1 day ago
Kanodia Group Enters Real Estate; Targets Over Rs 5000 Cr Investment By 2028
-
News3 days ago
Managed Workspace Provider Table Space Appoints Jamshed Taraporwala to head BD