SBI celebrates raising of Rs 50,000 crore domestic bonds during FY25

The country’s largest lender, SBI has raised Rs 5,000 crore AT1 Bonds, Rs 15,000 crore Tier 2 Bonds, and Rs 30,000 crore Long Term Bonds to date during FY25 at a very competitive rate. All these issues have attracted overwhelming responses from investors and were oversubscribed by more than 2 times against the respective base issue size.

The investors were across provident funds, pension funds, insurance companies, mutual funds, Banks, etc.

While speaking on the occasion, SBI Chairman Shri C.S. Setty said that wider participation and heterogeneity of bids demonstrated the trust investors place in the country’s largest Bank. Bank’s AT1 Bonds are rated AA+ (stable outlook) and both the Tier 2 and Long Term Bonds are rated AAA (stable outlook).

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These bonds are of 15-year tenor except for the AT1 Bonds which is perpetual. The AT1 and Tier 2 Bonds raised by the Bank during the year are issued with a call option after 10 years or any anniversary date thereafter. The Bank acknowledged the support of all the intermediaries involved in the process.

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