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SBI plans to raise up to $1.25 bn by issuing bonds in foreign currency

The public sector lender said, the fund is planned to be raised during January to March, next year

Press Trust of India  |  New Delhi 

SBI

Country's largest lender Monday said it plans to raise up to $1.25 billion by issuing bonds through various modes.

Bank's executive committee of central board meeting is scheduled to take place on Thursday to consider the proposal, said in a regulatory filing.

The meeting will "examine the status and decide on long term fund raising in single/multiple tranches up to $1.25 billion through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency," said.

The public sector lender said, the fund is planned to be raised during January to March, next year.

Shares of SBI closed 0.73 per cent lower at Rs 273.40 apiece on the

First Published: Mon, December 10 2018. 20:05 IST
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