SBI adds to record Samurai Loan boom with ¥30 billion debt plan

State Bank of India (SBI) is securing a ¥30 billion ($197 million), five-year loan from Mitsubishi UFJ Financial Group Inc. The loan, arranged in India's Gujarat International Finance Tec-City, has a 60 basis point margin over TONA. This adds to the surge in Samurai loans as Asian borrowers seek lower financing costs compared to dollar-denominated options.