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SBI to Raise Over Rs 12,600 Crore Via Overseas Bond

By Olga

State Bank of India, the country's largest lender plans to raise up to USD 2 billion by issuing bonds or other convertible currency, reported PTI.

SBI to Raise Over Rs 12,600 Crore Via Overseas Bond

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

The find raising will take place through public and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during the fiscal years 2017-18 and 2018-19.

Read more about: sbi state bank of india
Story first published: Monday, January 8, 2018, 16:19 [IST]
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