Loan & Debt30 Jul 2026, 02:21 pm
SBI Raises ₹4,691 Cr via AT1 Bonds at 7.75% Coupon
AI Summary
State Bank of India (SBI) has successfully raised ₹4,691 crore through the issuance of Additional Tier 1 (AT1) Bonds. The bonds are non-convertible, taxable, perpetual, unsecured, and Basel III compliant, with a face value of ₹1 crore each. The issue was opened and closed on July 29, 2026, with allotment on July 30, 2026. The bonds carry a coupon rate of 7.75% and interest will be paid annually. These perpetual bonds are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited, strengthening SBI's capital base.
Key Highlights
- SBI raised ₹4,691 crore through Additional Tier 1 Bonds.
- The bonds have a perpetual tenure and a 7.75% coupon rate.
- This issuance enhances SBI's capital adequacy under Basel III norms.
- The bonds are unsecured and will be listed on BSE and NSE.
Price Impact
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