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SBI board approves to raise $2 billion through bonds in FY22; stock up 3%


Shares of State Bank of India jumped 3 per cent to Rs 364 apiece on the BSE on Wednesday after the bank s board approved to raise $2 billion through a public offer or private placement. In comparison, the benchmark S&P BSE Sensex was up 1.7 per cent at 2:00 PM.
The Executive Committee of the Central Board in its meeting on 28th April, 2021 has approved to examine the status and decide on long term fund raising in single/multiple tranches up to $ 2 billion through a public offer and/or private placement of senior unsecured notes in US Dollar or any other convertible currency during FY22, it said in an exchange filing. ....

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