DBT Bureau
Pune, 17 March 2026
State Bank of India (SBI) has successfully raised ₹6,051 crore by issuing Basel III compliant Tier-2 bonds, according to a regulatory filing on March 17, 2026.
The bonds are non-convertible, taxable, redeemable, subordinated and unsecured debentures, each with a face value of ₹1 crore. A total of 6,051 bonds were issued through the Electronic Bidding Platform (EBP) of the National Stock Exchange of India.
The issue opened and closed on March 17, 2026, and received 47 bids from investors. The deemed date of allotment and pay-in date is March 20, 2026.
SBI has fixed the coupon rate at 7.05%. The bonds will have a call option after five years on March 20, 2031, while the final redemption date is March 20, 2036.
The bonds are proposed to be listed on both the BSE Limited and the National Stock Exchange of India.
The funds raised will help strengthen the bank’s capital base and support future lending growth in line with Basel III regulatory requirements.
