SBI's Rs 10,000-crore infrastructure bond sale likely this week

Infrastructure bonds are securities that are exempt from computation of net demand and time liabilities (NDTL) - a proxy for deposits

State Bank of India (SBI) may carry out a planned Rs 10,000 crore sale of infrastructure bonds in the market this week, with the securities likely to be of 15-year maturity, sources told Business Standard.

SBI, the country’s largest bank, had last week said its board had approved the issuance of infrastructure bonds in the current fiscal year.It, however, had not mentioned the maturity of the bonds or when the sale would take place.

“They are trying for a 15-year bond and it will be more or less finalised soon whether it will be 15-year or not. They will possibly