State Bank of India plans to raise up to $1.5 bn via overseas bonds in FY21

The lemder raise funds from global markets on a regular basis for lending operations and to repay financial instruments maturing during the year

State Bank of India plans to raise long-term funds — up to $1.5 billion — through bonds from international markets in FY21.

The executive committee of the central board will meet on June 11 to examine the status and decide on fundraising plans.
 

SBI may raise money through a public offer and/or private placement of senior unsecured notes in dollars or any other convertible currency, during FY21, it said.
 

Bankers associated with international fundraising said that lenders, including SBI, raise money from global markets on a regular basis. The proceeds are used for lending and repayment of financial instruments maturing that