The bonds are issued for a tenor of 10 years with a call option after five years and each anniversary date thereafter.
| Photo Credit: NIHARIKA KULKARNI
State Bank of India (SBI) said it raised ₹7,500 crore at a coupon rate of 6.93% through its Basel III compliant Tier 2 bond issuance for the current financial year.
The bonds are issued for a tenor of 10 years with a call option after five years and each anniversary date thereafter.
“The issue attracted an overwhelming response from investors with bids approximately three times against the base issue size of ₹5,000 crore. The total number of bids received was 101 indicating participation from a diverse set of qualified institutional bidders. The investors were across provident funds, pension funds, mutual funds, banks etc,” SBI said in a statement.
C. S. Setty, Chairman said a wider participation and heterogeneity of bids demonstrated the trust investors place in the bank.
“Based on the response, the bank has decided to accept ₹7,500 crore at a coupon rate of 6.93% payable annually for a tenor of 10 years with a call option after five years and each anniversary dates thereafter,” SBI said.
Published – October 17, 2025 07:35 pm IST
