New Delhi: The State Bank of India (SBI) on Tuesday said that the Executive Committee of its Central Board will consider raising $2 billion through bonds in the financial year 2021-22. The committee will meet on Wednesday, April 28, the bank said in a regulatory filing.Also Read - Good News For SBI Customers! Bank Is Offering Loan Up to Rs 35 Lakh Through YONO App | Check Eligibility Here
It said the Executive Committee will meet “to examine the status and decide on long term fund raising in single/multiple tranches up to US$2 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 2021-22”. Also Read - SBI Customers Alert! 'Delete THIS Message Immediately Or ...', Govt's Warning Amid Rising Phishing Scams
Shares of the bank on Tuesday closed at Rs 352.90, higher by Rs 8.55, or 2.48 per cent, from its previous close. Also Read - What Is SBI's Xpress Credit, How Will it Benefit Loan Eligible Customers?