SBI plans to raise two billion dollars from bonds, decision possible in next week’s meeting

SBI plans to raise $2 billion through bonds

SBI said that the executive committee of its central board will meet on May 10 in which this proposal will be considered. Last month itself, SBI raised USD 500 million through IFSC GIFT City branch.

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TV9 Hindi

TV9 Hindi , Edited By: Saurabh Sharma

May 04, 2022 | 10:55 PM




country’s largest bank SB I ,SBI) the bond (Bond) has planned to raise two billion dollars. SBI said on Wednesday that its board of directors is going to meet next week to consider raising $2 billion through public issue of bonds or other means. stock exchanges (stock marketSBI said that the executive committee of its central board will meet on May 10 in which this proposal will be considered. Last month itself, SBI raised USD 500 million through IFSC GIFT City branch.

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$ 500 million was raised last month only

State Bank of India (SBI) had only last month informed that it has raised US$ 500 million (over Rs 3,800 crore) through its IFSC GIFT City branch. The bank said in a statement that SBI through its GIFT City branch has raised secured overnight financing rate (SOFR) linked loans from abroad in US dollars for the first time. The facility is for US$400 million, while it includes a $100 million green shoe option. SBI Managing Director Ashwini Tiwari said that raising syndicated loans at very good prices reflects SBI’s reputation in the overseas financial markets.