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SBI raises Rs 6,051 crore via Tier 2 Bonds
Mar-18-2026

State Bank of India (SBI) has raised Rs 6,051 crore at a coupon rate of 7.05% through its second Basel III compliant Tier 2 bond issuance for the current financial year (FY26). The bonds are issued for a tenor of 10 years, with call option after 5 years and each anniversary date thereafter and are rated AAA with stable outlook from CRISIL Ratings and India Ratings and Research.  

The issue attracted an excellent response from investors with bids of approximately 2 times against the base issue size of Rs 5,000 crore. The total number of bids received was 47 indicating participation from diverse set of qualified institutional bidders. The investors were across provident funds, pension funds, mutual funds, banks etc. 

State Bank of India is the country’s largest lender and it offers a wide range of services in the Personal Banking, Agriculture/ Rural, NRI services, SME and Corporate Banking etc. 


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