SBI to consider USD 2 bn foreign currency bond issuance on May 12

New Delhi: State Bank of India (SBI) on Thursday said the executive committee of its central board will meet on May 12 to decide on raising funds through the issue of USD 2 billion (around Rs 17,000 crore) foreign currency bonds in the current fiscal year.

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In a regulatory filing, SBI said the executive committee will "examine the status and decide on long term fund raising in single/multiple tranches of up to USD 2 billion under Reg-S/144A, through a public offer and/or private placement of fixed/floating rate bonds in US dollar or any other major foreign currency during FY 2026-27".

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Shares of SBI closed at Rs 1,091.80, down 0.35 percent from its previous close on the BSE.

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