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

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

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