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    Question

    State Bank of India (SBI) has raised ________ under its

    USD 10 billion Global Medium Note programme to fund its overseas business growth & the fund was raised at INX’s Global Securities Market (GSM), GIFT International Financial Services Centre (IFSC) at Gandhinagar from global investors.
    A USD 550 million Correct Answer Incorrect Answer
    B USD 600 million Correct Answer Incorrect Answer
    C USD 650 million Correct Answer Incorrect Answer
    D USD 750 million Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

      State Bank of India (SBI)  has raised USD 750 million under its USD 10 billion Global Medium Note programme to fund its overseas business growth.     The fund was raised at INX’s Global Securities Market (GSM), GIFT International Financial Services Centre (IFSC) at Gandhinagar from global investors. The listing of the bond issue on INX Gift City emphasizes the vision to make Gift City a hub for all international business opportunities including foreign currency fund-raising programs.

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