State Bank of India (SBI) has successfully raised ₹4,691 crore by issuing Non-convertible, Taxable, Perpetual, Unsecured, Fully Paid-up Basel III compliant Additional Tier 1 Bonds. These instruments, with a face value of ₹1 crore each, carry a coupon rate of 7.75% and were allotted on July 30, 2026. The bonds are perpetual, meaning they have no fixed redemption date, with interest paid annually.
State Bank of India Successfully Raises Funds Through AT1 Bond Issuance
State Bank of India (SBI) has announced the successful completion of its Additional Tier 1 (AT1) Bond issuance, raising a significant amount of ₹4,691 crore. This fundraising initiative aligns with regulatory requirements and strengthens the bank’s capital base. The newly issued bonds are classified as Non-convertible, Taxable, Perpetual, and Unsecured, and are fully paid-up, adhering to Basel III compliance standards.
Key Details of the Bond Issuance
The AT1 Bonds, structured as debentures with a face value of ₹1 crore each, were issued at a coupon rate of 7.75%. The issuance opened on July 29, 2026, and closed on the same day, reflecting strong investor demand. Allotment of these bonds took place on July 30, 2026. The ISIN for these bonds is INE062A08504.
Perpetual Nature and Interest Payment
These instruments are perpetual in nature, meaning they do not have a predetermined redemption date. Interest on the bonds will be paid annually on July 30th of each year, continuing until the potential redemption of the bonds. The total number of bonds issued amounts to 4,691, with an issue size of ₹4,691 crore.
Listing and Future Prospects
The AT1 Bonds are proposed to be listed on both the BSE Limited and the National Stock Exchange of India Limited, enhancing their liquidity and accessibility for investors. Further details regarding any special rights or privileges associated with these bonds can be found in the respective Disclosure Documents.
Source: BSE
