SBI plans $2 billion foreign bond sale amid rate hikes
pre-market1 source ↓written by the desknot a recommendation
- through foreign currency
- $2 billion
- to finalize details
- 12 May 2026
- against the dollar
- 6%
- ratio stands between
- 10.72 and 12.0
State Bank of India (SBI) is set to raise up to $2 billion through foreign currency bonds, with a meeting scheduled for 12 May 2026 to finalize details. This issuance aims to diversify funding sources as the rupee has weakened by nearly 6% against the dollar in 2026, impacting costs. SBI's P/E ratio stands between 10.72 and 12.0, remaining competitive against private sector banks like HDFC Bank and ICICI Bank.
Not investment advice. For informational purposes only.