Loan & Debt13 Jul 2026, 05:10 pm
State Bank of India Raises USD 200M Senior Unsecured Bonds
AI Summary
State Bank of India has successfully concluded the issuance of USD 200 million in Senior Unsecured Floating Rate Notes. These Reg-S compliant notes are a tap of its existing outstanding floating rate note due July 6, 2029. The original maturity of the tapped note is 3 years with a coupon of SOFR + 100 bps per annum, payable quarterly. The bonds will be issued through SBI's London branch on July 17, 2026, and will be listed on India INX, GIFT City. This issuance is part of the bank's ongoing debt capital raising activities.
Key Highlights
- SBI raises USD 200 million via Senior Unsecured Floating Rate Notes.
- Notes are a tap of existing outstanding floating rate note due 2029.
- Coupon rate set at SOFR + 100 bps, payable quarterly.
- Bonds to be issued from London branch and listed on India INX.
- Issuance is compliant with Regulation-S.
Price Impact
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