SBI Raises ₹6,051 Crore Tier 2 Bonds at 7.05% Coupon

Mumbai, 20 March 2026 – State Bank of India (SBI) has successfully raised ₹6,051 crore through the issuance of Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Basel III compliant Tier 2 Bonds. The bonds carry a coupon rate of 7.05% per annum and a tenure of 10 years, with annual interest payable on 20th March each year until redemption on 20th March 2036.

The key details of the bond issuance are as follows:

• ISIN: INE062A08496

• Face Value: ₹1 crore per bond

• Number of Bonds Issued: 1,00,00,000

• Issue Open & Close Date: 17 March 2026

• Listing: Proposed on BSE Limited (Scrip Code: 500112) and National Stock Exchange of India (Scrip Code: SBIN)

• Security: Unsecured

• Special Rights/Privileges: As per disclosure document

The allotment of these bonds aligns with SBI’s strategy to strengthen its capital base under Basel III norms while supporting long-term growth and financial stability.

SBI has informed both BSE and NSE in accordance with Regulations 30 and 51 of SEBI (LODR) Regulations, 2015, confirming the successful allotment of the bonds on 20 March 2026.