The shares of SBI ended the day greater by 2.9 percent at Rs 363.30 on the BSEState Bank of India (SBI) board, at its meeting held on April 28, has actually authorized the proposal to raise up to $2 billion through bonds in the financial year 2021-22.
The bonds will be issued in single or multiple tranches as much as US$ 2 billion, through a public offer and private positioning mode.The board approved long-term fund-raising in single/ numerous tranches up to US$ 2 Billion (US$ Two Billion) under Reg-S/144A, through a public offer and/ or personal positioning of senior unsecured notes in US Dollar or any other convertible currency during FY 2021-22, the general public loan provider stated in a regulatory filing to the stock exchanges.Earlier in January, SBI had actually raised $600 million (about Rs 4,500 crore) through bonds to money the expansion of the overseas business.The shares of SBI ended the day greater by 2.9 per cent at Rs 363.30 on the BSE, as versus the Sensex's gains of 1.6 percent.