State Bank Of India

BSE: 500112 | NSE: SBIN
Large Cap | Bank - Public
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SBI planning for long term fund raising of up to $2 billion

Date: 11-04-2023

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.