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Question

What is the amount of money that SBI is looking to raise through dollar bonds issuance?
  • $100 million
  • $250 million
  • $300 million
  • $500 million
Answer- D
As per sources, the State Bank of India (SBI), the largest financial institution in the country, is set to initiate discussions with investment banks in the following week to explore a proposed issuance of dollar bonds.

The offering size may be expanded depending on investor demand. The offering is likely to be managed by banks from Europe, Japan, and the United States.