JSA advised State Bank of India in the issue of US$ 600 Million Bonds under the US$ 10 Billion Medium Term Note Programme

JSA advised State Bank of India (SBI), India’s largest lender, in the issue of US$ 600 Million Notes under the US$ 10 Billion Medium Term Note Programme.

JSA also assisted and facilitated the listing of SBI’s US$ Notes on the Global Securities Market of India International Exchange (IFSC) Limited, India’s international stock exchange at the IFSC GIFT City.

SBI’s US$ Bond Issue was the first offshore bonds Issuance from out of India in the new calendar year- 2024 and in the midst of continuing volatility in the international markets.

Our transaction team comprised  lead partner – Dina Wadia and partner – Uttara Kolhatkar.