The State Bank of India (SBI) aims to raise up to $3 billion through long-term debt during the current financial year (2024-25), as per a filing with the stock exchange.
The board of directors has cleared the proposal, and SBI plans to secure the funds in either single or multiple tranches through a public offering or private placement of senior unsecured notes. These notes will be denominated in US dollars or other major foreign currencies, as outlined in the bank's statement.
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