Loan & Debt29 Jul 2026, 01:35 pm
SBI Raises ₹4,691 Cr via Additional Tier 1 Bonds
AI Summary
State Bank of India (SBI), the nation's largest lender, successfully raised ₹4,691 crore through its first Basel III compliant Additional Tier 1 bond issuance for the current financial year. The bonds were issued at a coupon rate of 7.75% with a perpetual tenor and a call option after 5 years. The issuance attracted significant investor interest, with bids exceeding twice the base issue size of ₹3,000 crore, indicating strong investor confidence in SBI. The funds raised will help diversify and strengthen the bank's long-term regulatory capital.
Key Highlights
- SBI raised ₹4,691 crore via Additional Tier 1 bond issuance.
- Coupon rate set at 7.75% with a perpetual tenor and 5-year call option.
- Issue was oversubscribed, attracting bids over 2x the base size.
- Diversifies and strengthens the bank's long-term regulatory capital.
- Bonds rated AA+ with a stable outlook by CRISIL and CARE.
Price Impact
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