<img title="SBI to raise over Rs 12K cr " src="http://images.mid-day.com/images/2016/oct/ATM-complainants.jpg" alt="SBI" width="670" height="447" />
The State Bank of India (SBI) on Monday said it will raise over Rs 12,600 crore ($2 billion) by issuing bonds in dollar or other convertible currencies.
"The executive committee of the Central Board... has approved long term fund raising in single/multiple tranches up to $2 billion," the state-run bank informed in a regulatory filing to the BSE.
The BSE filing added that raising of funds would be done through a public offer and/or private placement of senior unsecured notes in US dollar or any other convertible currency during FY 2017-18 and FY 2018-19.
The content/reporting displayed on our website www.mid-day.com is provided "AS-IS," "AS AVAILABLE, by us from third party, agencies, sources, without any verification from our side. It may contain error, bugs and other limitations. The reader's can rely on the content at their own will. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability, data, text, images, video, messages, or any other material whatsoever or for any claims/loss/action that the reader may suffer as a result of relying on the content on our site. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever.
<a href="http://www.mid-day.com/mumbai">Catch up on all the latest Mumbai news, current affairs from Mumbai, local news, crime news and breaking headlines here</a>
Download the new mid-day <a title="mid-day android app " href="https://goo.gl/8Xlcvr" target="_blank">Android</a> and <a title="mid-day iOS app" href="https://goo.gl/KQziH4" target="_blank">iOS</a> apps to get updates on all the latest and trending stories on the go
Trending Video
<script type="text/javascript" src="https://content.jwplatform.com/players/3ULWuTwb-kmOfRSjj.js"></script>

The BSE filing added that raising of funds would be done through a public offer and/or private placement of senior unsecured notes in US dollar

SBI to raise over Rs 12K Crores through overseas bonds

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast

Home / News / India News / Article / SBI to raise over Rs 12K Crores through overseas bonds

SBI to raise over Rs 12K Crores through overseas bonds

Trending Stories

Latest Photos

Latest Videos

Latest Web Stories

Mid-Day Fast