| Log in

SBI Looking To Sell Up To $1B In Bonds

13 October, 2009

State Bank of India said it is looking to raise between $500 million and $1 billion from a bond sale, its chairman said on Tuesday.

“We define benchmark size as something between $500 million to $1 billion, so we will see the reception,” OP Bhatt told Reuters on the sidelines of a banking event in Singapore.

He also said the bank is interested in expanding in Indonesia either by opening branches or through acquisitions.

“In this part of the world: Indonesia, if we get something, yes, otherwise we will grow there organically, by opening branches,” he said.

 


Leave Your Comment
Union Bank raises $350M through sale of overseas bonds

Union Bank raises $350M through sale of overseas bonds

Bruhadeeswaran R 6 years ago
Union Bank of India has sold five-year dollar bonds raising $ 350 million at a...
News Roundup: Cafe Coffee Day To Acquire Sical Logistics

News Roundup: Cafe Coffee Day To Acquire Sical Logistics

TEAM VCC 8 years ago
Cafe Coffee Day To Acquire Sical Logistics – Tanglin Retail Realty...
News Roundup: IIFL unit to raise new residential fund

News Roundup: IIFL unit to raise new residential fund

TEAM VCC 4 years ago
IIFL Alternate Asset Advisors Ltd, a part of the diversified financial services...
No Comments

SBI Looking To Sell Up To $1B In Bonds

Powered by WordPress.com VIP