Investment14 May 2025, 08:01 pm
State Bank Of India Plans Long-Term Fundraising of up to US$ 3 Billion for FY 2025-26
AI Summary
State Bank Of India has announced a meeting of the Board of Directors on 20/05/2025 to consider and approve a long-term fund-raising programme. The Executive Committee of the Central Board will examine the status and decide on long term fund raising in single / multiple tranches of up to US$ 3 Billion under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2025-26.
Key Highlights
- State Bank Of India announced a long-term fund-raising programme.
- The fundraising is up to US$ 3 Billion under Reg-S/144A.
- The fundraising will be through a public offer and/or private placement of senior unsecured notes in US Dollar or any other major foreign currency.
- The decision will be made in the meeting scheduled on 20/05/2025.
- The fundraising is planned for FY 2025-26.