State Bank of India Raises ₹4,691 Crore AT1 Bonds

Key Quantitative Figures

The Bank has raised Rs. 4,691 crore through Non-convertible, Taxable, Perpetual, Unsecured, Fully Paid-up Basel III compliant Additional Tier 1 Bonds. The bonds have a face value of Rs. 1 crore each, totaling 4,691 bonds. The coupon rate is set at 7.75%.

Dates of Action

The issue opened on July 29, 2026, and closed on the same day (July 29, 2026). The date of allotment was July 30, 2026.

Instrument Characteristics

The instrument is perpetual with no maturity date (Date of Redemption: Perpetual, Tenure: Perpetual). It is unsecured and subordinated. Interest will be paid annually on July 30 every year until redemption.

Listing Status

The bonds are proposed to be listed on both BSE Limited and National Stock Exchange of India Limited.

Additional Information

The ISIN for the bonds is INE062A08504. Special rights or privileges, if any, are referenced to be detailed in the Disclosure Document(s).