India, May 8 -- State Bank of India (SBI) on Thursday announced that the executive committee of its central board will meet on May 12 to consider raising up to USD 2 billion through foreign currency bonds during FY27.
According to the bank's regulatory filing, the proposed fundraising may be carried out in single or multiple tranches under the Reg-S/144A route through public offerings and/or private placements. The bonds could be issued as fixed or floating rate instruments denominated in US dollars or other major foreign currencies.
The planned fundraising is aimed at strengthening the bank's long-term funding requirements for the current financial year.
Published by HT Digital Content Services with permission from Dion Global Solutions...