Business Companies 18 Apr 2019 SBI plans to raise U ...

SBI plans to raise USD 2.5 billion from bonds

PTI
Published Apr 18, 2019, 7:34 pm IST
Updated Apr 22, 2019, 9:11 am IST
The executive committee of the central board will take decision in this regard on April 24, SBI said in a regulatory filing.
State Bank of India.
 State Bank of India.

New Delh: State Bank of India on 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.

 

The committee will decide on long-term fundraising 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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Location: India, Delhi, New Delhi




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