State Bank of India returns to dollar debt market, bankers see strong demand

State Bank of India is set to re-enter the dollar bond market, marking its first appearance in nearly a year. The nation's leading financial institution foresees strong investor interest in its five-year bond offer. This decision comes in the wake of the Reserve Bank of India's launch of a swap facility earlier this June. SBI targets a minimum fundraising of $500 million, with current promotional activities underway.