State Bank of India Raises USD 100 Mio Senior Unsecured Bond

State Bank of India has successfully concluded the issuance of USD 100 million in Senior Unsecured Reg-S, Floating Rate Notes. These notes are a tap of its existing outstanding floating rate note due July 6, 2029, with an original maturity of 3 years and a coupon of SOFR + 100 bps per annum, payable quarterly. The issuance, conducted under Regulation-S, will be issued through its London branch on August 14, 2026, and will be listed on India INX, GIFT City. This move aims to bolster the bank's capital structure and funding capabilities.