The country's largest public sector lender, State Bank of India, has raised one billion dollars through an issue of bonds to qualified institutional buyers. State Bank of India, acting through its London Branch, successfully priced an offering of one billion dollars of senior unsecured bonds due 2015. In terms of allocations, US-based investors received 55 per cent of the allocation while Asian investors were allocated 28 per cent and the balance 17 per cent across European investors. SBI Chairman O P Bhatt said, this is a signature deal, despite market turbulence and volatility. He said the success of this transaction will also allow Indian issuers to access the US markets more easily.