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SBI To Raise $2 Billion Through Bonds; Stock Soars Nearly 3% SBI: The bonds will be issued in single or multiple tranches up to US$ 2 billion, through a public offer and private placement route
Updated: April 28, 2021 4:39 pm IST
The shares of SBI ended the day higher by 2.9 per cent at Rs 363.30 on the BSE
State Bank of India (SBI) board, at its meeting held on April 28, has approved the proposal to raise up to $2 billion through bonds in the financial year 2021-22. The bonds will be issued in single or multiple tranches up to US$ 2 billion, through a public offer and private placement mode.