01-01-1970 12:00 AM | Source: IANS
SBI board to mull raising $2 bn via bonds in FY22
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.
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".
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.
Latest News
Buy Gold Above 71300 SL. Below 71100 TGT 71600/71800...
Market Wrap Up : Technically, after a gap up opening...
State-run banks weigh on India's blue-chip Nifty 50 ...
Marico posts 5.3 pc rise in q4 net profit, declares ...
Evening Roundup : A Daily Report on Bullion Energy &...
Post market comment by Mr Shrey Jain, Founder and C...
Post market comment by Deven Mehata,Choice Broking
Daily Market Analysis :Nifty quickly gave up its gai...
FIIs stood as net sellers in equities as per May 06 ...
India, Ghana agree to operationalise UPI link within...