State Bank of India (SBI) has successfully completed the allotment of its Basel III compliant Tier 2 Bonds, raising a total capital of Rs. 6,051 crore. These are Non-convertible, Taxable, Redeemable, Unsecured Debentures with a face value of Rs. 1 crore each. The issuance was finalized on March 20, 2026, carrying a fixed coupon rate of 7.05%, payable annually, and maturing in 10 years.
SBI Raises Capital Through Tier 2 Bonds Issuance
State Bank of India (SBI) formally announced the successful allotment of its proposed Tier 2 Bonds on March 20, 2026. The total aggregate issuance amount reached Rs. 6,051 crore, confirming strong investor interest in the bank’s capital-raising exercise.
Key Details of the Securities
The instruments allotted are classified as Non-convertible, Taxable, Redeemable, Subordinated, and Unsecured Basel III compliant Tier 2 Bonds. Each bond has a face value of Rs. 1 crore.
Financial and Term Structure
- Total Issue Size: Rs. 6,051 crore
- Number of Bonds Allotted: 1,00,00,000
- Issue Opening/Closing Date: Both occurred on 17.03.2026
- Date of Allotment: 20.03.2026
- Tenure: 10 years
- Redemption Date: 20.03.2036
Coupon and Payment Information
The bonds carry a fixed coupon rate of 7.05%. The interest payment schedule mandates that interest will be paid annually on the 20th March every year until the final redemption date.
Listing Information
The Series of Bonds are proposed to be listed on both the BSE Limited and the National Stock Exchange of India Limited. The specific ISIN assigned to this issuance is INE062A08496.
Source: BSE
