MarketMay 7, 2026
SBI Board to Consider Up to $2 Billion Fundraising Plan on 12 May
State Bank of India Plans $2 Billion Foreign Currency Bond Issuance
India's largest lender, State Bank of India (SBI), has announced that its Executive Committee of the Central Board will convene on May 12 to consider raising up to $2 billion, equivalent to approximately Rs 16,700 crore, through foreign currency bonds during the 2026-2027 fiscal year.
The proposed fundraising initiative may be executed in a single or multiple tranches through public offers and/or private placements under Reg-S/144A. According to the bank, the issuance could comprise fixed or floating rate bonds denominated in US dollars or other major foreign currencies.
| Proposed Fundraising | FY27 |
|---|---|
| Amount | $2 billion (Rs 16,700 crore) |
| Issuance Structure | Single or multiple tranches through public offers and/or private placements under Reg-S/144A |
| Bond Denomination | Fixed or floating rate bonds in US dollars or other major foreign currencies |
Investor Takeaway
SBI's potential $2 billion fundraising plan may impact market sentiment.
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