SBI Approves Raising Up To $3 Billion In Bonds

State Bank of India's board on Tuesday approved raising funds of up to $3 billion in senior unsecured notes.

The notes will be issued in one or multiple tranches through public offer or private placement of the securities, , the country's largest lender said in a statement to the exchanges, adding that the fundraising may happen in dollar or any other major foreign currency in the current financial year.

This follows $600 million worth five year senior unsecured notes issued by the lender in January. Prior to that, SBI had issued $250 million worth green notes in December 2023.

This is a developing story...