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A wholly owned subsidiary and the investment banking arm of State Bank of India
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To provide credible, professional and customer-focused, world-class investment banking services.

OUR VISION

To be the best India-based investment bank.

We help clients access insightful advice, plan for growth, gain and deploy capital, and harness their full potential, so they can succeed in the constantly changing business world.

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National Highways Authority Of India

Largest Masala Bond transaction by an Indian Issuer

2017

Transaction Highlights

  • Garnered good interest  of INR 3000 crore at a price yielding 7.30% annually 
  • In spite of an inaugural issuance, NHAI was priced flat to its  domestic levels sans any new issue premium
  • First Quasi Sovereign issuer from the Road and Highways Sector to tap the international bond market
  • Proceeds  would be used for India’s infrastructure projects 

 

Structure of the issue

Issue date 18th May 2017
Issuer NHAI
Format Reg S
Status Fixed Rate, Annual
Type Senior Unsecured
Maturity 5 years
Size INR 30 Billion
Coupon 7.3 % p.a (payable annually)
SBI Capital Markets role Joint lead manager and Joint Book runner
Redemption Currency USD

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