![SBI raises USD 250 million through Green Bonds to Finance Green Projects SBI raises USD 250 million through Green Bonds to Finance Green Projects](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhS1edcasIlN7SeH1KCvGfNNMNMbDllCn0iWZcVW5cOjN3FTEzPKnQkX_24VCRgHZ-6tZ2npiMD_4IWFMKeh1H3Se2Myzc9XhW2AYAwo2us-03leFaHZIxfzSftGgM12b07K0QmvUzj5vwR-Z7brNdAPIp0zdeHZSq09S5jyIeS05OVCRypcACrI9nB7oTu/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(37).png)
- This successful placement is part of SBI’s USD 10 billion medium-term note program.
- The Green Notes, which are senior unsecured floating rate notes, were issued on a floating rate basis of 1.20% above the Secured Overnight Financing Rate (SOFR) and have been listed on the India International Exchange.
- The proceeds will be allocated to eligible green projects according to the Bank’s Environmental, Social, and Governance (ESG) Financing Framework.
- The issuance of these green bonds is a step towards building up a green portfolio.
- The bonds will mature on December 29, 2028.
Question:
Q.1 What is the amount that SBI has raised through Green Bonds?a. USD 150 million
b. USD 250 million
c. USD 350 million
d. USD 450 million