The State Bank of India (SBI) on Tuesday said that the Executive Committee of its Central Board will consider raising $2 billion through bonds in the financial year 2021-22.

The committee will meet on Wednesday, April 28, the bank said in a regulatory filing.

It said the Executive Committee will meet “to examine the status and decide on long term fund raising in single/multiple tranches up to US$2 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 2021-22”.

Shares of the bank on Tuesday closed at Rs 352.90, higher by Rs 8.55, or 2.48 per cent, from its previous close.



Previous articleRailways handed over 169 Covid care coaches to different states
Next articleAmid Covid surge, J&K LSA offers contact free legal services