New Delhi, Sept. 9 -- India's biggest lender - State Bank of India (SBI) - on Tuesday, September 9, announced the listing of its "Regulation S" bonds, worth $500 million, at NSE-IX in Gift City.

The bond issue, which concluded on September 2, carries a coupon rate of 4.50%. The company had then announced that the Reg S Bonds would be issued through its London branch and would be listed on the Singapore Stock Exchange and NSE-IX Exchange, GIFT City.

The bond is priced at a spread of 75 bps over the benchmark and is listed on SGX-ST and NSE-IX. The bond is benchmarked against the five-year US Treasury and has a rating of BBB and BBB- from S&P and Fitch, respectively.

The dollar bond issue had received an overwhelming response and saw str...