SBI plans to raise USD 2.5 billion from bonds
SBI: The executive committee of the central board will take a decision in this regard on April 24, SBI said in a regulatory filing.
State Bank of India Thursday said it plans to raise USD 2.5 billion (about Rs 17,000 crore) through bonds to fund the expansion of the overseas business.
The executive committee of the central board will take a decision in this regard on April 24, SBI said in a regulatory filing.
Watch Zee Business TV Live Streaming Here
The committee will decide on long-term fund-raising in single/multiple tranches up to USD 2.5 billion through a public offer or private placement of senior unsecured notes in US Dollar or any other convertible currency during 2019-20, it said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.