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Last Updated : Apr 18, 2019 07:51 PM IST | Source: PTI

SBI plans to raise Rs 17,000 crore from bonds

The executive committee of the central board will take a decision in this regard on April 24, SBI said in a regulatory filing.

 
 
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State Bank of India on April 18 said it plans to raise $2.5 billion (about Rs 17,000 crore) through bonds to fund expansion of overseas business.

The executive committee of the central board will take a decision in this regard on April 24, SBI said in a regulatory filing.

The committee will decide on long-term fund raising in single/multiple tranches up to $2.5 billion through a public offer or private placement of senior unsecured notes in US Dollar or any other convertible currency during 2019-20, it said.

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First Published on Apr 18, 2019 07:50 pm
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