State Bank, the country’s largest lender, said its central board in its meeting on Wednesday has approved raising up to $2 billion (around Rs 14,880 crore) through bonds this fiscal.
The executive committee has approved long term fund raising in single/multiple tranches through a public offer and /or private placement of senior unsecured notes in US dollar or any other convertible currency during 2021-22, SBI said.
SBI shares closed at Rs 363.30 apiece on the BSE, up 2.95 per cent from the previous close.
PowerGrid InviT IPO
PowerGrid Infrastructure Investment Trust on Wednesday raised a little over Rs 3,480 crore from anchor investors ahead of its initial public offer, which opens for subscription on Thursday.
Meanwhile, infrastructure investment trust IndiGrid’s public issue of non-convertible debt securities has been subscribed nearly 10 times within hours of opening on Wednesday. The issue base size was of Rs 100 crore with a green shoe option of Rs 900 crore.
