Investment bankers to be appointed, says media report

State Bank of India (SBI) is planning to raise US$3 billion through a green bond issue from the international financial markets, reported the Economic Times.

The daily has named International Finance Corp as well as institutions like BlackRock and JP Morgan, saying a road show would be launched in the coming weeks.

Investment bankers will be appointed in the mega fund-raising exercise, according to the report.

SBI, largest government-owned bank, is expected to lead in financing ongoing infrastructure developments, estimated in trillion dollars, across the country. fii-news.com