Disclosure regarding allotment of Bonds
SBIN · price
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State Bank of India has raised ₹7,500 crore by allotting Basel III compliant Tier 2 Bonds. The issuance comprised 7,500 bonds with a face value of ₹1 crore each, carrying a coupon of 6.93% payable annually. The bonds were opened and closed on 17 October 2025, with allotment on 20 October 2025 and a 10-year tenor maturing on 20 October 2035, along with a call option after 5 years. The bonds are unsecured, subordinated, and proposed to be listed on BSE and NSE.
The fund raise strengthens SBI's Tier 2 capital base, supporting regulatory compliance under Basel III norms and bolstering its lending capacity. The 6.93% coupon at this tenor is fairly priced for a PSU bank, with limited direct impact on retail shareholders beyond long-term capital adequacy benefits.