SBI Raises ₹4,691 Cr via AT1 Bonds

State Bank of India successfully completed the bidding process for its Basel III compliant Additional Tier 1 bond issuance today. The bank raised ₹4,691 crore through the issuance of non-convertible, taxable, perpetual, subordinated, unsecured bonds. The bidding was conducted on the BSE EBP platform. The bonds have a face value of ₹1 crore each, and a total of 89 bids were received. The deemed date of allotment and pay-in date is July 30, 2026, with a call option on July 30, 2031, or any anniversary thereafter. These perpetual bonds are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited.