State Bank of India (SBI) has issued $300 million Formosa bonds and listed the issuance on India INX GIFT IFSC. The lender is the first Indian entity to raise money through Formosa Bond, which is a bond issued in Taiwan. SBI was the first issuer whose Green bonds were dually listed in November 2021 on Luxembourg Stock Exchange through an MOU that has been entered into by both Exchanges.
Buy Prime Test Series for all Banking, SSC, Insurance & other exams
This first successful issuance of Formosa Bond by any Indian commercial bank, is a testimony of the confidence reposed by the overseas investors into India’s growth story and also in SBI.
Important takeaways for all competitive exams:
Water is the most important drink in the world because every living being needs it…
When we think about continents, we usually imagine green forests, tall trees and rich plant…
Defense sector of the India has achieved the historic milestone as the defense exports reached…
The Delhi state government has introduced the 'Lakhpati Bitiya Yojana'. This new is scheme aimed…
Ashwini Bhide has been appointed as the first woman Municipal Commissioner of the Brihanmumbai Municipal…
Lok Sabha passed the resolution and Amaravati has been declared sole capital of Andhra Pradesh.…