Breaking Posts

Type Here to Get Search Results !

SBI approves fund raise of up to $2 bn for FY24

State Bank of India board approved fund raise of up to $2 bilion for FY24 through bonds.

SBI will raise up to $2 billion through foreign currency bonds in FY24 in single or multiple tranches, the lender said in a stock exchange filing.

"The Executive Committee of the Central Board in its meeting on 18 th April 2023 has approved, inter alia, the following: “To examine the status and decide on long term fund raising in single / multiple tranches up to US$ 2 Billion (US$ Two Billion) under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY 2023-24"," said SBI in an exchange filing.

Post a Comment