SBI plans to raise USD 2 billion via unsecured notes

New Delhi: State-owned State Bank of India said in a regulatory filing on Tuesday that the bank is planning to raise funds worth USD two billion dollars through a public offer or private placement of senior unsecured notes in US dollar or any other convertible currency during the current fiscal year.

Further, the filing noted, "the Executive Committee of the Central Board in its meeting has approved to examine the status and decide on long-term fundraising in single/multiple tranches up to USD two 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 2023-24.”

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