The nation’s largest lender State Bank India (SBI) has raised the first tranche of $650 million through a maiden green bond offering, which is a part of its goal of raising $3 billion to fund renewable energy projects. The five-year dollar money which was raised through SBI’s London branch is priced at the U.S Treasury plus 165 basis points (bps), while for a British investor, the coupon will be 3 Libor plus 151 bps, reported PTI.