SBI mulling to raise up to $5 bn bonds: Report

State Bank of India, the country's largest lender, is considering raising as much as USD 5 billion in dollar bonds to fund high-value loans to Indian firms having international operations, the Mint reported citing two unnamed senior company officials.

March 24, 2011 / 09:47 IST

26 Aug, 2025 12:21

Volume

Todays L/H

State Bank of India, the country's largest lender, is considering raising as much as USD 5 billion in dollar bonds to fund high-value loans to Indian firms having international operations, the Mint reported citing two unnamed senior company officials.

The money will be raised through multiple tranches over the next one year, the newspaper said, adding SBI's board was expected to approve the proposal shortly.

An SBI spokesman could not be immediately reached by Reuters for a comment.

first published: Mar 24, 2011 09:23 am

Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Subscribe to Tech Newsletters

Al Edge Newsletter On Saturdays

Find the best of Al News in one place, specially curated for you every weekend.
MC Tech 3 Newsletter Daily-Weekdays

Stay on top of the latest tech trends and biggest startup news.

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347