On Thursday, the State Bank of India (SBI) said that its board will be meeting on 11 June to consider raising funds through single or more tranches of up to $1.5 billion.
"To examine the status and decide on long term fund raising in single / multiple tranches up to US$ 1.5 Billion (US$ One and a Half Billion) under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2020-21," the public sector lender said in a stock exchange filing.
Shares of SBI closed 0.23 percent lower to Rs 174.50 apiece.
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