Sampath Bank joins US$ 750mn syndicated loan for SBI

Sampath Bank PLC has participated in a US$ 750 million senior unsecured syndicated term loan facility for the State Bank of India (SBI), marking a key milestone in its international financing strategy. 

The loan, arranged by Mashreq, a leading financial institution in the Middle East and North Africa (MENA) region, affirms Sampath Bank’s commitment to supporting large-scale global financial initiatives.

Initially launched at US$ 350 million in May 2024, the facility was upsized to US$ 750 million due to strong investor demand. The funds will support SBI’s general corporate needs, boosting the capacity of India’s largest bank to drive economic growth and stability.

“Our participation in this syndicated loan aligns with our strategic goals to diversify our investment portfolio and secure strong returns. Given the current political climate and expected credit growth, this three-year loan presents a valuable opportunity to work with a reputable institution like SBI,” said Sampath Bank Senior Deputy General Manager – Corporate Banking Amal Kirihene.

Sampath Bank contributed US$ 25 million to the syndication, joining a consortium of international banks supporting SBI’s growth. Mashreq served as the sole global coordinator, mandated lead arranger, and bookrunner, with prominent institutions like Saudi National Bank and Banque MISR also participating.