SBI plans to raise long term fund of up to US$ 3 billion

SBI plans to raise long term fund of up to US$ 3 billion

The largest public sector lender SBI shares recovered little bit in the recent trading session on the exchange, increasing by 1.08% at Rs 785.45. The shares were tanked down in yesterday’s trading session.

The Bank Board is anticipating long-term fundraising for up to US$ 3 billion. The meeting of the Executive Committee of the Central Board is scheduled on 11th June 2024 to consider, inter alia, the following

To examine the status and decide on long-term fundraising in single/multiple tranches of up to US$ 3 Billion (US$ 3 billion) under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollars or any other major foreign currency during FY 2024-25.

 

Read Also : Lalit Bohra appointed as Govt. Nominee Director on PowerGrid Board

The respective information has been provided through exchange filing made by the Bank.

Read Also : Coal India distributes Eco-Friendly bags