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SBI approves raising up to ₹20,000 crore for FY25 via long term bonds

SBI said that its board approved raising long term bonds up to an amount of ₹20,000 crore through a public issue or private placement during FY25.

Updated on: Jun 19, 2024, 14:55:04 IST

By HT News Desk

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The State Bank of India said that its board approved raising long term bonds up to an amount of ₹20,000 crore through a public issue or private placement during FY25.

Read more: PM Modi's prediction of a post poll market rally comes true as Sensex, Nifty hit record highs

The State Bank of India (SBI) office building is pictured in Kolkata, India. (Reuters)

It said in a regulatory filing that “the Central Board at its meeting held today i.e. 19th June 2024 has, inter alia, accorded approval for raising long term bonds up to an amount of Rs. 20,000 crore through a public issue or private placement, during FY25.”

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Earlier this month, SBI raised $100 million through its London branch by selling three-year senior unsecured floating-rate bonds.

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