SBI has successfully raised ₹7,500 crore through the issuance of Basel III compliant Tier 2 bonds. These bonds are non-convertible, taxable, redeemable, subordinated, and unsecured, with a coupon rate of 6.93%. The bonds have a face value of ₹1 crore each. The allotment date is October 20, 2025, and they are proposed to be listed on BSE and NSE.
Bond Issuance Details
SBI has raised ₹7,500 crore through Basel III compliant Tier 2 bonds. The issue size is ₹7,500 crore, consisting of 7,500 bonds. These bonds are designed to meet regulatory capital requirements and strengthen the bank’s financial position.
Key Bond Features
The bonds are non-convertible, taxable, redeemable, subordinated, and unsecured. The coupon rate for these bonds is fixed at 6.93%. Interest will be paid annually on October 20th each year until redemption.
Important Dates
The issue opened and closed on October 17, 2025. The date of allotment is October 20, 2025. The bonds are redeemable on October 20, 2035, with a call option after 5 years and each anniversary thereafter.
Listing and Redemption
SBI proposes to list the bonds on both the BSE (Bombay Stock Exchange) and the NSE (National Stock Exchange). The redemption date is October 20, 2035, which includes a call option available to the issuer after 5 years and on each subsequent anniversary.
Source: BSE
