SIDBI plans bond sale with maturity beyond three years
India’s SIDBI plans to raise 60 billion rupees through bonds maturing in three years, one month and 24 days, including a greenshoe option.
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what happened
India’s Small Industries Development Bank (SIDBI) intends to raise 60 billion rupees ($626.50 million) through bonds maturing in three years, one month and 24 days. The amount includes a 50 billion-rupee greenshoe option, three bankers told Reuters on Monday.
The state-run lender has asked investors to submit coupon and commitment bids for the transaction on Wednesday, October 14, the bankers said. SIDBI did not reply to a Reuters request for comment. The coupon has yet to be set, while the bonds carry AAA ratings from Crisil and Care. The reported 10+50 billion-rupee size includes the base issue and greenshoe option; the exchange rate is $1 to 95.7700 Indian rupees.
why it matters
The transaction will provide a market reference for demand for debt issued by India’s state-run financial institutions. Because the announced amount includes the additional option, the final funds raised may depend on investor bids.
instruments
sources
- SIDBI to issue over 3-year bonds, bankers say — Reuters, 12 October 2026 at 11:10 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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