SBI Raises ₹6,051 Crores Through Basel III Compliant Tier 2 Bond Issuance

Mumbai, 17 March 2026: State Bank of India (SBI), the country’s largest lender, has successfully raised ₹6,051 crores through its second Basel III compliant Tier 2 bond issuance for the current financial year. The bonds carry a coupon rate of 7.05% and have a tenor of 10 years, with a call option after 5 years and on each subsequent anniversary.

The bonds have received a AAA rating with a stable outlook from both CRISIL Ratings Limited and India Ratings and Research Private Limited, reflecting strong creditworthiness.

The issue witnessed high investor interest, with bids totaling roughly twice the base issue size of ₹5,000 crores. A total of 47 bids were received, indicating strong participation from a diverse mix of qualified institutional investors, including provident funds, pension funds, mutual funds, and banks.

Shri C. S. Setty, Chairman of SBI, commented: “The wide participation and diversity of bids demonstrate the trust investors place in the country’s largest bank.”

Based on this response, SBI has accepted ₹6,051 crores at the stated coupon rate, with annual payments and the flexible call option.

This successful issuance reinforces SBI’s ability to raise funds efficiently while providing investors with secure, long-term investment opportunities in compliance with Basel III regulations.

About SBI:
State Bank of India (SBI) is India’s largest public sector bank, providing a wide range of banking and financial services across the country and internationally.