MoneyWorks4Me

SBI planning for long term fund raising of up to $2 billion

11 Apr 2023 Evaluate

State Bank of India (SBI) is planning for long term fund raising in single / multiple tranches of 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 foreign currency during the Financial Year 2023-24. The Executive Committee of the Central Board is scheduled to have a meeting on April 18, 2023 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 952.80
PNB 114.30
Bank Of Baroda 234.55
Canara Bank 119.00
Union Bank Of India 173.00
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