State Bank of India Concludes Issuance of USD 200 Million Senior Unsecured Floating Rate Notes
State Bank of India has concluded the issuance of USD 200 million in Senior Unsecured Reg-S, Floating Rate Notes. This bond issuance serves as a tap for one of the bank's existing outstanding floating rate notes.The new bonds are set to be issued through the State Bank of India London branch starting July 17, 2026. Following issuance, the notes will be listed on India INX and GIFT City.
Details regarding the ongoing debt instruments include:
| Financial Instrument | Details |
|---|---|
| New Issue Amount | USD 200 Million |
| Instrument Type | Senior Unsecured Reg-S, Floating Rate Notes |
| Existing Note ISIN | XS3433781062 |
| Original Maturity | 3 Years |
| Coupon Rate (Existing) | SOFR + 100 bps p.a. |
| Payment Schedule | Payable quarterly in arrears |
The issuance of the Senior Unsecured Floating Rate Notes is intended to manage and restructure the bank's existing financial obligations related to the noted instrument, which originally had a maturity date of July 6, 2029.
SBIN Stock Price Movement
Today, shares of State Bank of India edged higher to close at ₹1037, settling after gaining ₹0.70 or 0.07% for the day. The stock traded actively within a range between a low of ₹1022.1 and a high of ₹1042.9, with over 8.38 million shares transacted.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.
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