State Bank of India Concludes Issuance of USD 300 Million Senior Unsecured Floating Rate Notes
State Bank of India has successfully concluded the issuance of USD 300 million in Senior Unsecured Floating Rate Notes. These notes are set to have a maturity period of three years and are linked to the SOFR benchmark.The financing instrument is structured as a floating rate note, carrying a coupon of SOFR plus 100 basis points per annum. Interest payments on these bonds will be made quarterly in arrears.
Details regarding the issuance are as follows:
| Feature | Detail |
|---|---|
| Financing Instrument | Senior Unsecured Floating Rate Notes |
| Amount | USD 300 Million |
| Maturity Period | 3 Years |
| Coupon Rate | SOFR + 100 bps p.a. |
| Payment Frequency | Quarterly in arrears |
The bonds will be issued through the bank's London branch starting on July 6, 2026.
SBIN Stock Price Movement
Shares of State Bank of India closed today by shedding 0.62%, settling at ₹1036.1 following late-market trading activity. The stock traded against a range of ₹1030.85 to ₹1046.4, with over 16.8 million shares recorded in the transaction volume.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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