State Bank of India allots ₹7,500 crore in Basel III compliant Tier 2 bonds

State Bank of India (SBI) has informed stock exchanges of the allotment of Basel III compliant Tier 2 Bonds, having raised ₹7,500 crore through this issuance. The non-convertible, taxable, redeemable, subordinated, and unsecured bonds are debentures with a face value of ₹1 crore each, carrying a coupon rate of 6.93%. The total number of bonds issued is 7,500.

The issue opened and closed on October 17, 2025, with the date of allotment being October 20, 2025. The bonds are set for redemption on October 20, 2035, with a call option available after five years and on each anniversary date thereafter. Interest will be paid annually on October 20 every year until redemption.

SBI proposes to list these bonds on both BSE Limited and the National Stock Exchange of India Limited. For further details on any special rights or privileges associated with these unsecured bonds, investors are directed to refer to the Disclosure Document.