SBI likely to raise Rs 10,000 crore through infrastructure bonds

The planned issuance worth Rs 10,000 crore includes a greenshoe option of Rs 5,000 crore, the bank said

State Bank of India (SBI), the country’s largest lender, is planning to raise Rs 10,000 crore worth of infrastructure bonds during the current financial year.

“We inform that a meeting of the Executive Committee of the Central Board of State Bank of India is scheduled to be held on Tuesday, 29th November, 2022 to consider inter alia…to seek approval for raising of Infrastructure Bonds up to an amount of Rs 10,000 crore through a public issue or private placement, during FY23,” the bank informed exchanges on Thursday.

The planned issuance worth Rs 10,000 crore includes a greenshoe option of Rs 5,000 crore,