State Bank Of India has informed the Exchange regarding a press release dated March 17, 2026, titled "Press Release - Raising of Tier 2 Bonds".
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State Bank of India raised ₹6,051 crores through its second Basel III compliant Tier 2 bond issuance for the current financial year at a coupon rate of 7.05% per annum. The bonds have a 10-year tenor with a call option after 5 years and carry an AAA rating with a stable outlook from CRISIL Ratings and India Ratings. The issue was oversubscribed approximately 2 times against the base size of ₹5,000 crores, attracting 47 bids from a diverse set of qualified institutional investors including provident funds, pension funds, mutual funds, and banks. SBI Chairman C S Setty highlighted that the strong and diverse participation reflects investor confidence in the country's largest bank.
This successful bond raise strengthens SBI's capital adequacy, supporting future lending growth. The 2x oversubscription and AAA rating at a competitive 7.05% coupon signal strong investor confidence, which is mildly positive for the stock and reflects the bank's robust financial standing.