State Bank of India (SBI) on Tuesday raised ₹6,051 crore at a coupon rate of 7.05 per cent via its second Basel III compliant Tier 2 bond issuance in the current financial year.
The bonds are issued for a tenor of 10 years, with call option after 5 years and each anniversary date thereafter, India’s largest bank said in a regulatory filing.
The bonds, which are rated “AAA with stable outlook” by CRISIL Ratings and India Ratings and Research, attracted robust response from investors with bids of approximately 2 times against the base issue size of ₹5,000 crore, per the filing
The total number of bids received was 47 indicating participation from diverse set of qualified institutional bidders, the Bank said. The investors were across provident funds, pension funds, mutual funds, banks etc.
C S Setty, Chairman, SBI said the wider participation and heterogeneity of bids demonstrated the trust investors place in the Bank.
Published on March 17, 2026
