SBI to decide on $2 billion foreign currency bond issue on May 12
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The bonds could be issued in US dollars or other major foreign currencies during FY26–27
| Photo Credit:
Niharika Kulkarni
On Thursday, the State Bank of India (SBI) announced that its central board’s executive committee will convene on May 12 to consider raising capital via the issuance of USD 2 billion (approximately ₹17,000 crore) foreign‑currency bonds in the ongoing fiscal year.
According to a regulatory filing, SBI stated that the executive committee will review the situation and determine whether to raise long‑term funds in one or several tranches, totalling up to USD 2 billion under Reg‑S/144A, via a public offering and/or private placement of fixed‑or‑floating‑rate bonds denominated in US dollars or another major foreign currency for FY 2026‑27.
SBI’s shares ended the day at ₹1,091.80, slipping 0.35 % from the previous close on the BSE.
Published on May 7, 2026
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