State Bank of India to raise dollar funds through maiden green bonds

State Bank of India (SBI) is in the international market to raise dollar funds through its maiden issuance of green bonds.

According to people with knowledge of the matter, the bank was engaged in investor calls throughout Monday, and will decide on the issue size and likely pricing only after getting a commitment.

The bank was looking to raise at least $500 million, they added. SBI executives could not be reached for comment.

Green bonds are regular bonds, the proceeds of which are used to fund sustainable green projects. A certification is needed by the issuer from agencies, to show