State Bank of India (SBI) has issued a correction to a prior disclosure concerning the allotment of Basel III compliant Tier 2 Bonds. The update clarifies a significant typographical error regarding the number of bonds allotted. The corrected figure is 6,051 bonds, face value ₹1 crore each, with a coupon rate of 7.05%. The initial filing mistakenly referenced a much larger, incorrect quantity.
Correction to Prior Bond Disclosure
State Bank of India (SBI) has released an important update pertaining to the allotment of its Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Basel III compliant Tier 2 Bonds. This announcement serves to rectify an error contained in the disclosure dated 20.03.2026.
Key Details of the Allotment
The bonds allotted carry a face value of ₹1 crore each and offer a fixed coupon rate of 7.05%. These instruments are structured as debentures.
Typographical Error Rectified
The primary purpose of this communication is to correct the quantum of the bonds issued. The number of Bonds mentioned in the previous filing should be read as 6,051, not the figure previously stated (which was 1,00,00,000). The value of the mentioned bonds is clarified to be ₹6051 crore in total, based on the face value and the corrected count.
This update was formally communicated on 24.03.2026, ensuring accurate records are maintained with the listing departments.
Source: BSE
