State Bank of India Puts $1.7 Billion Fundraising on Hold Amid Elevated Yields

State Bank of India (SBI) has reportedly shelved its plan to raise $1.7 billion through debt instruments for the current fiscal year due to elevated yields. This decision comes after SBI had earlier approved raising up to $3 billion via debt in FY25 through public offers or private placements of senior unsecured notes. The bank has already raised significant funds domestically, including Rs 50,000 crore through bonds in FY25. Elevated global yields have made it less favorable for SBI to proceed with international fundraising at this time.

Sources: Business Standard, CNBC-TV18, Angel One