SBI to raise up to USD 2 billion via overseas bonds

SBI to raise up to USD 2 billion via overseas bonds
Shares of SBI were trading 0.44 per cent higher at Rs 307.55 on BSE. Image source: Reuters

Country's largest lender State Bank of India plans to raise up to USD 2 billion (over Rs 12,600 crore) by issuing bonds in US dollar or other convertible currency.

"The executive committee of the Central Board. Has approved long term fund-raising in single/multiple tranches up to USD 2 billion," State Bank of India (SBI) said in a regulatory filing.

It said the fund-raising will take place through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during fiscal 2017-18 and 2018-19.

Shares of SBI were trading 0.44 per cent higher at Rs 307.55 on BSE.

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.

RECOMMENDED STORIES

https://www.zeebiz.com/market-news/news-goldman-sachs-suggests-16-stocks-to-buy-trent-indigo-ce-infosystems-shriram-finance-havells-india-indusind-banks-327838

16 stocks Goldman Sachs suggests to buy amid recent sharp fall and better valuations

https://www.zeebiz.com/trending/news-rains-in-tamil-nadu-orange-alert-issues-for-november-26-regional-meteorological-centre-cyclone-south-andaman-sea-puducherry-karaikkal-327505

Tamil Nadu Weather News: Heavy rain likely in TN, orange alert issued for Nov 26

https://www.zeebiz.com/markets/stocks/photo-gallery-psu-stocks-to-buy-rec-pfc-share-price-target-by-brokerge-bernstein-largecap-pfc-dividend-2024-amount-record-date-ex-date-327801

PSU stocks to BUY: Brokerage bets on these 2 largecap stocks for up to 36% return - Do you own?

https://www.zeebiz.com/trending/news-heavy-rains-in-chennai-tamil-nadu-yellow-and-orange-alert-issued-by-imd-thunderstorm-lightening-cyclonic-system-bay-of-bengal-south-andaman-sea-puducherry-karaikkal-weather-alert-327906

Tamil Nadu Weather Alert: Chennai may receive heavy rains; IMD issues yellow & orange alerts in these districts

https://www.zeebiz.com/personal-finance/photo-gallery-top-7-mutual-funds-with-highest-returns-cagr-sip-in-10-years-calculator-inr-rs-1000000-investment-in-no-1-scheme-has-grown-to-7946160-in-10-years-nifty-bse-large-mid-small-elss-quant-motilal-327733

Top 7 Mutual Funds With Highest Returns in 10 Years: Rs 10 lakh investment in No 1 scheme has turned into Rs 79,46,160 in 10 years

https://www.zeebiz.com/personal-finance/photo-gallery-sipswp-for-retirement-planning-corpus-calculator-inr-rs-10000-monthly-sip-and-inr-2500000-lump-sum-investment-and-then-rs-215000-monthly-income-for-25-years-calculations-327783

SIP+SWP: Rs 10,000 monthly SIP for 20 years, Rs 25 lakh lump sum investment, then Rs 2.15 lakh monthly income for 25 years; see expert calculations

https://www.zeebiz.com/personal-finance/photo-gallery-sip-investment-vs-ppf-comparison-build-corpus-15-years-investing-rs-15-lakh-calculations-327911

SIP vs PPF: How much corpus you can build in 15 years by investing Rs 1.5 lakh per year? Understand through calculations

Updated: Mon, Jan 08, 2018
12:51 PM IST
PTI
RELATED NEWS
SBI to open 500 more branches in FY25, take overall network to 23,000: Finance Minister SBI to open 500 more branches in FY25, take overall network to 23,000: Finance Minister
Attention SBI Customers: EMIs of home loan, personal loan go up as PSU bank hikes lending rate Attention SBI Customers: EMIs of home loan, personal loan go up as PSU bank hikes lending rate

By accepting cookies, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts.

x