State Bank of India Raises USD 300 Million Via Senior Unsecured Bonds

State Bank of India has successfully concluded the issuance of USD 300 million in Senior Unsecured Floating Rate Notes. These notes have a maturity of 3 years and carry a coupon rate of SOFR + 100 basis points per annum, payable quarterly. The issuance was conducted under Regulation-S and will be issued through the bank's London branch effective July 6, 2026. This move is part of the bank's strategy to raise capital and manage its funding requirements.