State Bank of India Launches ₹4,691 Crore Basel III Compliant Additional Tier 1 Bond Issuance
State Bank of India (SBI) has successfully concluded a bidding process for its Basel III compliant Additional Tier 1 bond issuance. The non-convertible bonds were offered with a face value of ₹ 1 crore each and represent a significant corporate funding move by the bank.The issue, which was conducted on July 29, 2026, targeted investors seeking debt instruments that meet stringent regulatory criteria. These bonds are described as perpetual, subordinated, unsecured, and fully paid-up debentures.
A total of 89 bids were received for the issuance. The company has set the Deemed Date of Allotment and Pay in date for July 30, 2026.
The bond structure details key financial parameters as follows:
| Feature | Detail |
|---|---|
| Issue Type | Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Basel III compliant Additional Tier 1 Bonds |
| Issue Size | ₹ 4,691 crore |
| Number of Bonds | 4,691 |
| Coupon Rate | 7.75 % |
| Tenor | Perpetual |
| Deemed Allotment Date | 30.07.2026 |
| Issuer Call Date | 30.07.2031 or any subsequent anniversary date |
The bonds are planned for listing on both the BSE Limited and the National Stock Exchange of India Limited. The issuance, which spanned a single day in July 2026, underscores SBI's commitment to strengthening its capital base through robust debt instruments compliant with global banking regulations.
SBIN Stock Price Movement
Today, State Bank of India (SBI) shares edged higher to settle at ₹1013.70 after closing today, gaining 0.08% in the session. The stock saw significant activity, with 4.79 million shares traded during the post-market hours.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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