State Bank of India Board to Consider Fundraising of Upto $2 Billion on May 12, 2026

State Bank of India (SBI) is to consider a proposal to raise up to $2 billion through foreign currency bonds at a meeting of its Executive Committee of the Central Board on 12 May, according to an exchange filing. 

The proposed fundraising is planned for FY27 and may be carried out in single or multiple tranches. The bank said the issue could take place through public offers, private placements, or a combination of both under the Reg-S/144A route. 

Foreign Currency Bond Plan 

SBI stated that the proposed bonds may be issued at fixed or floating interest rates and denominated in US dollars or other major foreign currencies. 

At current exchange rates, the proposed fundraising size is estimated at around ₹16,700 crore. The bank has not disclosed details related to pricing, tenure, coupon rate, or the timing of the issue. 

Reg-S and Rule 144A issuances are commonly used by Indian issuers to access overseas institutional investors and global debt markets. 

Previous Approval for Overseas Notes 

During FY26, SBI had received board approval to raise up to $3 billion through senior unsecured notes. The lender has accessed overseas bond markets periodically as part of its long-term funding plans. 

Banks generally use such borrowings to diversify funding sources and manage liquidity requirements across domestic and international operations. 

SBI remains the country’s largest lender in terms of assets, deposits, and branch network. The bank also maintains operations in several overseas markets. 

Committee Meeting Scheduled Next Week 

The bank said the Executive Committee meeting will review the status of long-term fundraising plans and decide on the proposed borrowing programme for the current financial year. 

Read More: SBI Eyes Upto ₹80,000 Crore Lending Target Under ECLGS 5.0 Scheme: Chairman C S Setty! 

State Bank of India (SBI) Share Price Performance  

As of May 8, 2026, 1:21 pm, State Bank of India (SBI) share price was trading at ₹1,074.90, down 1.57% from the previous closing price. 

Conclusion 

Any final decision regarding tranche size, currency mix, pricing, and timing is expected to be announced after the outcome of the meeting is disclosed to stock exchanges. 

The proposed fundraising comes amid continued activity by Indian lenders in offshore debt markets during the ongoing financial year. 

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