SBI enters social loan market; raises $1 bln from overseas markets

The issue got overwhelming participation from banks across Taiwan, Japan, China, and the Middle East ensuring a full subscription, including USD 500 million of the greenshoe option. At current exchange rates, USD 1 billion is worth more than Rs 8,200 crore. The deal is the largest ESG loan by a commercial bank in the Asia Pacific and the second largest social loan globally

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