State Bank of India (SBI) has announced the bidding results for its Basel III compliant Tier 2 bond issuance. The issue size was ₹7,500 crores with an equivalent number of bonds. The issue opened and closed on October 17, 2025, and the deemed date of allotment is October 20, 2025. The coupon rate is 6.93%, and a total of 101 bids were received.
Tier 2 Bond Issuance Details
SBI announced the results for its Tier 2 bond issuance, conforming to Basel III requirements. The bonds are Non-convertible, Taxable, Redeemable, Subordinated, Unsecured, and Fully Paid-up.
Key Dates and Figures
The key details of the bond issuance are as follows:
- Issue Size: ₹7,500 crores
- Number of Bonds: 7,500
- Issue Opened: October 17, 2025
- Issue Closed: October 17, 2025
- Deemed Allotment Date: October 20, 2025
Listing and Coupon Rate
The bonds are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited. The coupon rate for these bonds has been set at 6.93%. A total of 101 bids were received for this issuance.
Source: BSE
