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SBI board to mull raising $2 bn via bonds in FY22

  •   Tue, Apr 27 2021 08:17:15 PM

Mumbai, Apr 27 (IANS): 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.

 
  

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Title: SBI board to mull raising $2 bn via bonds in FY22



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