State Bank of India Raises Rs 4,691 Crore in Additional Tier 1 Bonds
State Bank of India has successfully raised additional funding by issuing Non-convertible, Taxable, Perpetual, Unsecured, Fully Paid-up Basel III compliant Additional Tier 1 Bonds. The bond issue, structured as debentures, was completed with a total issue size of Rs 4,691 crore and offered at a coupon rate of 7.75%.The bonds were issued to cater to the bank’s funding requirements. The complete details regarding the issuance and allotment of these instruments have been provided.
The key specifications for the Additional Tier 1 Bonds are as follows:
| Particulars | Details |
|---|---|
| Issue Size | Rs 4,691 crore |
| Coupon | 7.75% |
| Issue Type | Non-convertible, Taxable, Perpetual, Subordinated, Unsecured, Fully Paid-up Basel III compliant Additional Tier 1 Bonds in the nature of debentures of face value Rs 1 crore each |
| ISIN | INE062A08504 |
| No. of Bonds | 4,691 |
| Issue Open Date | 29.07.2026 |
| Issue Close Date | 29.07.2026 |
| Date of Allotment | 30.07.2026 |
| Tenure | Perpetual |
| Listing Status | Proposed to be listed on BSE Limited and National Stock Exchange of India Limited |
The bonds are unsecured, and the interest payments will be made annually on July 30th of every year until redemption. The issue is described as perpetual in nature, confirming that the instrument remains a long-term funding solution for State Bank of India.
SBIN Stock Price Movement
Shares of State Bank of India are edging higher to ₹1022.2 as of 2:42 PM today, rallying by 0.84% in live trading after gaining ₹8.50. The equity trades within a tight intraday band, with the stock currently positioned between the day's low of ₹1007.6 and the high mark of ₹1028.3.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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