State Bank of India Clarifies Bond Allotment Details
State Bank of India (SBIN) has issued a correction to a previous disclosure regarding the allotment of bonds. The update, referencing a disclosure dated March 20, 2026, clarifies the number of bonds issued.According to the latest information, SBIN allotted 6,051 Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Basel III compliant Tier 2 Bonds in the nature of debentures, each with a face value of ₹ 1 crore. This corrects a previous statement that indicated a significantly larger number of bonds. The bonds carry a coupon rate of 7.05%.
The correction was communicated to the BSE Limited (SCRIP Code: 500112) and the National Stock Exchange of India Limited (SCRIP Code: SBIN).
Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Last edited by a moderator: