By IndiaHub 
The enabling approval allows the bank, which has a share of nearly a fifth of the nation’s outstanding bank credit, to raise long-term funds – either in single or multiple tranches.
The fund-raising will be through a public offer or private placement of notes denominated in US dollars or other major foreign currencies, the bank said in a regulatory filing on Tuesday.
AdPorts and Special Economic Zone has secured Rs 5,000 crore through a 15-year Non-Convertible Debenture. The issue was fully subscribed by LIC at a competitive rate. This move enhances APSEZ’s debt maturity profile. The proceeds will fund a proposed buyback of US Dollar bonds. APSEZ aims to handle 1 billion tonnes of cargo by 2029-30.
In 2024, SBI had raised $1.2 billion through three foreign currency bond issues. The latest of this issuance was in November 2024, when it raised $500 million in senior unsecured fixed-rate notes, maturing in five years, with a 5.125% coupon payable semi-annually.
The bank also has the board approval to raise equity capital of up to ₹25,000 crore. SBI chairman CS Setty had said earlier that the approval is enabling in nature and will depend on market conditions.
Live Events
The bank last raised equity capital from the market in 2017. Then it had raised ₹15,000 crore through a QIP.