MoneyWorks4Me

SBI planning to raise long term fund

27 Apr 2021 Evaluate

State Bank of India (SBI) is planning to raise long term fund 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 2021 - 22. Executive Committee of the Central Board is scheduled to have a meeting on April 28, 2021 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 949.00
PNB 116.75
Bank Of Baroda 238.05
Canara Bank 119.65
Union Bank Of India 173.35
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