State Bank Of India has informed the Exchange about General Updates on raising of Tier 2 Bonds
SBIN · price
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State Bank of India has raised ₹6,051 crore through Basel III compliant Tier 2 bonds via the NSE EBP (electronic book building) platform. The issue comprised 6,051 bonds with a face value of ₹1 crore each, carrying a coupon of 7.05%. The issue opened and closed on 17 March 2026, with allotment on 20 March 2026, and attracted 47 bids. The bonds have a 10-year tenure with a call option after 5 years and are proposed to be listed on both BSE and NSE.
This is a routine capital raise to strengthen SBI's Tier 2 capital base under Basel III norms and is unlikely to materially affect the stock price. The decent bidding response (47 bids) reflects healthy investor appetite for the bank's debt paper at the offered yield.