SBI board approves raising up to USD 2 billion via bonds in FY'23

The central board has approved raising of funds through single or multiple tranches, SBI said in a regulatory filing.

Published: 10th May 2022 06:41 PM  |   Last Updated: 10th May 2022 06:41 PM   |  A+A A-

Image used for representational purpose. (File Photo | EPS)

Image used for representational purpose. (File Photo | EPS)

By PTI

NEW DELHI: The country's largest lender SBI on Tuesday said its board has approved raising up to USD 2 billion (about Rs 15,430 crore) from the overseas market during the current fiscal to fund foreign business growth.

The central board has approved raising of funds through single or multiple tranches, SBI said in a regulatory filing.

The long-term funds of up to USD 2 billion would be raised through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency during 2022-23, it added.

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