Saturday, July 20, 2024

India’s top lender SBI to consider raising $2 bn via offshore bonds

State Bank of India, the country’s largest lender, said on Monday it will consider raising $2 billion via offshore bonds.

The board will meet on April 18 to consider the fund raising, through a public offer or private placement of senior unsecured notes in U.S. dollar or any other convertible foreign currency during the financial Year 2023-24, the bank said in an exchange filing.

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