SBI Bonds

State Bank of India (SBI) on Thursday said its board has approved a proposal to raise up to Rs 60,000 crore in the current fiscal through the issue of debt instruments. The funds would be raised either in rupee and /or any other convertible currency by issue of debt instruments like long-term bonds, Basel III-compliant Additional Tier 1 Bonds and Basel III compliant Tier 2 Bonds. The funds would be raised through public offer or private placement mode to Indian and /or overseas investors during FY27, SBI said in a regulatory filing. Shares of SBI were trading at Rs 1,040.25, up 1.39 per cent over previous close on BSE.

SBI raises Rs 6,051 crore via Tier 2 bonds at 7.05% coupon, with the issue seeing nearly two times subscription and participation from a wide range of institutional investors

SBI has not tapped the bond market in the first half of 2025 and shelved a plan to issue infrastructure bonds in March due to elevated yields

During the last financial year, SBI raised a total of Rs 20,000 crore through the sale of 15-year infrastructure bonds

SBI Pension has been positioning for a rate cut by extending the 'modified duration' in its bond portfolio to around 6.8-to-6.9 years from 6 years over the past eighteen months, Pandey said

S&P Global Ratings had assigned a BBB long-term issue rating to benchmark-sized notes that the London branch of SBI issued

Gets over Rs 15,000 crore worth of bids According to bond market sources, SBI raised a debt capital of Rs 3,100 crore through Additional Tier-I bonds (AT1) earlier this financial year

On creating a new position as an assistant general manager (deposit) for every branch, Dinesh Khara said that the Indian economy is evolving, and in order to grow, we need to generate more income

The bonds are rated AAA by consulting and rating firms CRISIL and India Ratings

At 7.54% per annum coupon rate, the SBI Infrastructure bond is not very attractive for retail investors, since many banks are offering similar interest rates on their 5-7 years long fixed deposits

Prices issue at finer rate amid hardening yield; Gets bids worth Rs 21,698 crore

Tightens pricing by 40 bps on oversubscription

10-year paper priced at 7.51%, or about 17 bps above benchmark g-sec yield

The planned issuance worth Rs 10,000 crore includes a greenshoe option of Rs 5,000 crore, the bank said

Lender claims overwhelming response from investors, with bids of Rs 9,647 crore; issue oversubscribed 5x against base size of Rs 2,000 crore

Canara Bank raised Rs 2,000 crore worth of AT1 bonds at a rate of 7.99 per cent, taking its total issuance of such bonds so far in the year to Rs 4,000 crore

SBI Cards and Payment Services (SBI Card) has raised Rs 500 crore by issuing bonds on a private placement basis. The pure-play credit card issuer said it allotted 5,000 fixed rate, unsecured, taxable and redeemable bonds on Thursday, in the nature of non-convertible debentures of Rs 10 lakh each aggregating to Rs 500 crore. The tenure of the bonds is three years and is set to mature on September 15, 2025. The bonds bear a coupon of 7.39 per cent per annum. On Thursday, shares of SBI Card closed flat at Rs 958.20 apiece on the BSE.

The bank had notified an amount of Rs 7,000 crore to be raised through a single tranche of AT-1 bonds in order to augment capital.

The bonds will have a call option from the fifth year onwards and are rated AA+ by CRISIL, CARE and India Ratings, sources said

Non convertible Taxable Perpetual Subordinated Unsecured Basel III compliant Additional Tier 1 Bonds in the nature of debentures of face value Rs 1 Crore each