SBI board to consider raising $2 bn via offshore bonds on Apr 18

State Bank of India, the country's largest lender, said on Monday that its board will consider raising $2 billion via offshore bonds in single or multiple tranches.

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.

On Monday, SBI's scrip on BSE closed 0.3% lower at Rs 525.7.