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

In a regulatory filing, SBI said the executive committee will examine the status and decide on long term fund raising in singlemultiple tranches of up to USD 2 billion under Reg-S144A, through a public offer andor private placement of fixedfloating rate bonds in US dollar or any other major foreign currency during FY 2026-27.

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.