SBI to consider raising $2 bn via offshore bonds

The board will meet on April 18 to consider the fund raising, the bank said in an exchange filing

File Photo of State Bank of India (SBI) branch. Credit: Reuters Photo

State Bank of India, the country's largest lender, said on Monday it will consider raising $2 billion via offshore bonds.

The board will meet on April 18 to consider the fund raising, through a public offer or private placement of senior unsecured notes in US dollar or any other convertible foreign currency during the financial Year 2023-24, the bank said in an exchange filing.