SBI to Consider 2 Billion USD Overseas Currency Bond Issuance on May 12

SBI to consider a whopping fundraising through foreign currency bonds in the current fiscal year. The executive committee of the central board of the State Bank of India (SBI) will meet on May 12 to discuss ways to raise funds through the issuance of 2 billion US dollars, which are approximately Rs. 17,000 crore, in foreign currency bonds during financial year 2026-27, the bank announced on Thursday.

According to a regulatory statement, the executive committee will examine the status and decide on long-term fundraising in single or multiple tranches of up to 2 billion US dollars under Reg-S/144A, through a public offer and/or private placement of fixed or floating rate bonds in US dollars or any other major foreign currency during FY 2026-27.

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SBI shares ended the day at Rs. 1,091.80, a 0.35% decrease from the BSE closing, according to PTI report. According to the reports, the goal of the bonds is for issuers to diversify their funding sources, reach a wider investor base and access foreign capital markets.

What are Foreign Currency Bonds?

Foreign currency bonds are debt instruments issued by a company or government in a currency different from their home country’s currency.