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State Bank of India (SBI) has approved a proposal to examine long-term fund-raising of up to $2 billion through bonds in the 2026–27 financial year, according to a regulatory filing.
The decision was taken at the Executive Committee of the Central Board of the bank held on May 12.
The proposed fundraising may be undertaken in single or multiple tranches under Reg-S/144A routes through public issuance and/or private placement. The bonds may be issued in US dollars or other major foreign currencies and can carry fixed or floating interest rates.
The bank stated that the plan is subject to market conditions and regulatory approvals as applicable.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
State Bank of India is among the country’s largest lenders and periodically accesses international debt markets to support its funding and balance sheet requirements.
The announcement was filed with both major stock exchanges, BSE Limited and NSE India.
ALSO READ | Gold, silver rise in India today: Here’s why Tata MF sees support building despite volatility
The decision was taken at the Executive Committee of the Central Board of the bank held on May 12.
The proposed fundraising may be undertaken in single or multiple tranches under Reg-S/144A routes through public issuance and/or private placement. The bonds may be issued in US dollars or other major foreign currencies and can carry fixed or floating interest rates.
The bank stated that the plan is subject to market conditions and regulatory approvals as applicable.
The disclosure was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
State Bank of India is among the country’s largest lenders and periodically accesses international debt markets to support its funding and balance sheet requirements.
The announcement was filed with both major stock exchanges, BSE Limited and NSE India.
ALSO READ | Gold, silver rise in India today: Here’s why Tata MF sees support building despite volatility
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