SBI to raise up to $2 billion via overseas bonds | business news | Hindustan Times
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SBI to raise up to $2 billion via overseas bonds

The fund-raising will take place through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency.

business Updated: Jan 08, 2018 18:23 IST
Press Trust of India, New Delhi
SBI,State Bank of India,Overseas bond
(File)

Country’s largest lender State Bank of India plans to raise up to $2 billion (over Rs 12,600 crore) by issuing bonds in US dollar or other convertible currency.

“The executive committee of the Central Board.. has approved long term fund-raising in single/multiple tranches up to $2 billion,” State Bank of India (SBI) said in a regulatory filing.

It said the fund-raising will take place through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during fiscal 2017-18 and 2018-19.

Shares of SBI were trading 0.44% higher at Rs 307.55 on BSE.

First Published: Jan 08, 2018 13:19 IST