SBI to tap Taiwan debt market with $500 million Formosas

SBI to tap Taiwan debt market with $500 million Formosas

State Bank of India (SBI) is set to raise up to $500 million by selling ‘Formosa’ bonds in Taiwan, a move that will help diversify the international investor base and tap cheaper money before global rate gauges rise further following the US Federal Reserve’s liquidity unwinding, three people aware of the development told ET.

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