SBI plans to raise USD 2.5 billion from bonds

SBI: The executive committee of the central board will take a decision in this regard on April 24, SBI said in a regulatory filing.

SBI plans to raise USD 2.5 billion from bonds
SBI: The committee will decide on long-term fund-raising in single/multiple tranches up to USD 2.5 billion through a public offer or private placement of senior unsecured notes. Reuters
Written By: PTI
Updated: Fri, Apr 19, 2019
11:02 am
PTI
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State Bank of India Thursday said it plans to raise USD 2.5 billion (about Rs 17,000 crore) through bonds to fund the expansion of the overseas business. 

The executive committee of the central board will take a decision in this regard on April 24, SBI said in a regulatory filing.

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The committee will decide on long-term fund-raising in single/multiple tranches up to USD 2.5 billion through a public offer or private placement of senior unsecured notes in US Dollar or any other convertible currency during 2019-20, it said.

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