SBINNSEState Bank of India· BanksMediumNeutral
Announced Fri, 29 May · 16:55 IST

State Bank of India has informed the Exchange about raising of Senior/ Unsecured/ Fixed Rate / Reg S Bond

Fund Raising View source PDF

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Price reaction · full curve 14 horizons · vs prior close
-0.5%1-day move
₹965.30
prior close
₹966.25
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.2-0.0+0.0-0.1-0.5+0.6+1.4+1.2+1.5+3.7+7.8+8.2
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AI summary

State Bank of India has priced USD 200 million Senior Unsecured Reg-S Fixed Rate Notes as a tap issuance of its existing bond due 09.09.2030 (ISIN XS3176783986). The original bond had a 5-year maturity with a 4.50% coupon payable semi-annually. The new bonds will be issued through SBI's London branch on 5th June 2026 and listed on Singapore Stock Exchange and NSE-IX Exchange at GIFT City. This disclosure is made under SEBI (LODR) Regulations, 2015.

Likely market impact

This USD bond tap issuance strengthens SBI's foreign currency borrowing position and extends its liability profile. The 4.50% coupon rate reflects current market conditions for dollar-denominated bank debt.