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SBI to raise over Rs 12K cr through overseas bonds

The State Bank of India (SBI) on Monday said it will raise over Rs 12,600 crore ($2 billion) by issuing…

IANS | New Delhi | January 8, 2018 2:58 pm

SBI to raise over Rs 12K cr through overseas bonds

(Photo: Getty Images)

The State Bank of India (SBI) on Monday said it will raise over Rs 12,600 crore ($2 billion) by issuing bonds in dollar or other convertible currencies.

“The executive committee of the Central Board… has approved long-term fundraising in single/multiple tranches up to $2 billion,” the state-run bank informed in a regulatory filing to the BSE.

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The BSE filing added that raising of funds would be done through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency during FY 2017-18 and FY 2018-19.

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