SBI issues long-term infrastructure bonds to raise Rs 10,000 crore.

According to the bank, the issuance was oversubscribed by about 3.6 times against the basic issue size of Rs 5,000 crore and received bids exceeding Rs 18,145 crore.With a 7.36% coupon, State Bank of India (SBI) announced on Wednesday that it had generated Rs 10,000 crore through the issue of its sixth infrastructure bond.

According to the bank, the issuance was oversubscribed by about 3.6 times against the basic issue size of Rs 5,000 crore and received bids exceeding Rs 18,145 crore.