SBI to consider fund raising of up to $3 billion via public offer or other currency in FY26
The State Bank of India (SBI) has announced that its Executive Committee of the Central Board will meet on Tuesday, May 20, 2025, in Mumbai to consider a proposal for long-term fundraising of up to $3 billion for the financial year 2025-26.
In a regulatory filing made under Regulation 29(1), Regulation 50(1), and other applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the bank stated that the proposed fundraising would be conducted in one or more tranches. It may be executed via a public offer and/or private placement of senior unsecured notes under Regulation-S and/or Rule 144A.
In the filing, the SBI shared,' In compliance with Regulation 29 (1), Regulation 50 (1) and other applicable provisions of the SEBI (LODR) Regulations, 2015, we advise that a meeting of the Executive Committee of the Central Board of the Bank will be held on Tuesday, 20th May 2025 at Mumbai, inter-alia, to examine the status and decide on long term fund raising in single /multiple tranches of up to US$ 3 Billion (US$ Three Billion) under Reg-S/144A, through a public offer and/or private placement of senior unsecured notes in US Dollar or any other major foreign currency during FY 2025-26.'
The issuance may be denominated in US dollars or any other major foreign currency, depending on market conditions and strategic requirements.
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
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