<p>Mumbai: State Bank of India , the country's largest lender, has started discussions with market participants to raise around Rs 10,000 crore through infrastructure bonds, two merchant bankers said on Tuesday.</p><p>"SBI has alerted bankers about its plans to come up with a 10-year or 15-year infrastructure bond issue and will finalise the tenor based on investor feedback," one of the bankers said, requesting anonymity as he is not authorised to speak to the media.</p><p>This will be the lender's first bond issuance and the country's first infrastructure bond sale this financial year.</p><p>SBI is likely to invite bids for the bond issue in early July, the bankers said.</p><p>SBI did not respond to a <em>Reuters</em> email for comment.</p>.SBI expects 14-15% credit growth in current fiscal: Chairman Khara.<p>In January, SBI raised Rs 5,000 crore through perpetual bonds at an 8.34 per cent coupon. Last financial year, it raised an aggregate of Rs 20,000 crore through the sale of 15-year infrastructure bonds.</p><p>Earlier this month, SBI raised Rs Rs 834 crore through its London branch by selling three-year senior unsecured floating-rate bonds that were sold at a spread of 95 basis points above the secured overnight financing rate (SOFR).</p>
<p>Mumbai: State Bank of India , the country's largest lender, has started discussions with market participants to raise around Rs 10,000 crore through infrastructure bonds, two merchant bankers said on Tuesday.</p><p>"SBI has alerted bankers about its plans to come up with a 10-year or 15-year infrastructure bond issue and will finalise the tenor based on investor feedback," one of the bankers said, requesting anonymity as he is not authorised to speak to the media.</p><p>This will be the lender's first bond issuance and the country's first infrastructure bond sale this financial year.</p><p>SBI is likely to invite bids for the bond issue in early July, the bankers said.</p><p>SBI did not respond to a <em>Reuters</em> email for comment.</p>.SBI expects 14-15% credit growth in current fiscal: Chairman Khara.<p>In January, SBI raised Rs 5,000 crore through perpetual bonds at an 8.34 per cent coupon. Last financial year, it raised an aggregate of Rs 20,000 crore through the sale of 15-year infrastructure bonds.</p><p>Earlier this month, SBI raised Rs Rs 834 crore through its London branch by selling three-year senior unsecured floating-rate bonds that were sold at a spread of 95 basis points above the secured overnight financing rate (SOFR).</p>