Skip to main content

MoneyWorks4Me

SBI planning to raise funds up to $2 billion

05 Jan 2018 Evaluate

State Bank of India (SBI) is planning for long term fund raising in single / multiple tranches up to $2 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 2017-18 and FY 2018-19. The meeting of the Executive Committee of the Central Board is scheduled on January 08, 2018, to consider the same. 

SBI is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc.

Peers
Company Name CMP
State Bank Of India 980.00
PNB 123.90
Bank Of Baroda 241.50
Canara Bank 119.75
Union Bank Of India 186.15
View more..