State Bank of India completes $7,500 crore tier 2 bond issuance

State Bank of India (SBI) announced the successful completion of bidding for its Basel III compliant Tier 2 bond issuance, conducted on October 17, 2025, via the EBP platform of NSE. The issue comprises non-convertible, taxable, redeemable, subordinated, unsecured, fully paid-up Basel III compliant Tier 2 Bonds, with a face value of ₹1 crore each.

The bond issue size is ₹7,500 crores, consisting of 7,500 bonds. Bidding opened and closed on October 17, 2025, with a deemed allotment and pay-in date of October 20, 2025. The coupon rate for these bonds is 6.93%, and the bank received a total of 101 bids.

The bonds are proposed to be listed on both BSE Limited and the National Stock Exchange of India Limited. This disclosure aligns with Regulation 30 and other applicable SEBI (LODR) Regulations, 2015.