SBI looks to raise up to $2 billion in FY24 via overseas bond sales

State Bank of India plans to raise up to $2bn in foreign bond sales by FY 2024, with board members set to discuss a fundraising strategy during 18 April’s meeting. SBI reportedly accounts for around 20% of all of India's outstanding bank loans, and is expected to issue senior unsecured notes in multiple tranches and any currency under Reg-S/144A. Debt-market analysts note the maximum foreign bond sales for HDFC Bank, ICICI Bank, and Axis Bank amounted to around $1bn or below for a given financial year.

source https://economictimes.indiatimes.com/industry/banking/finance/banking/sbi-looks-to-raise-up-to-2-billion-in-fy24-via-overseas-bond-sales/articleshow/99391793.cms