SBI Raises Rs 10,000 Crore Through Oversubscribed Infrastructure Bond Issue

State Bank of India (SBI) has raised Rs 10,000 crore through its seventh infrastructure bond issuance at a coupon rate of 7.23%. The issue, oversubscribed more than twice, attracted bids worth Rs 11,500 crore from a range of investors, including pension funds and insurance companies. The funds will support infrastructure and affordable housing projects, with a 15-year maturity and AAA rating.