SBI board approves raising up to $2 billion via bonds this fiscal

The nation’s largest lender SBI stated its central board in its assembly on Wednesday has authorized elevating as much as USD 2 billion (round Rs 14,880 crore) by means of bonds this fiscal.

The Govt Committee of the Central Board in its assembly on April, 28, 2021 has authorized long run fund elevating in single / a number of tranches as much as USD 2 billion, SBI stated in a regulatory submitting.

The funds are to be raised by means of a public provide and /or personal placement of senior unsecured notes in US Greenback or every other convertible forex throughout FY 2021 -22, SBI stated.

SBI shares closed at Rs 363.30 apiece on BSE, up 2.95 per cent from the earlier shut.

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