SBI raises ₹6,051 crore through bond issuance. India's largest bank successfully completed its second Basel III-compliant Tier 2 bond offering for the financial year, pricing the 10-year bonds at a 7.05% coupon rate. The bonds carry a call option after five years and each anniversary thereafter, with AAA ratings from both CRISIL and India Ratings. The offering received strong investor demand with bids reaching approximately two times the base issue size of ₹5,000 crore. The 47 qualified institutional bidders included provident funds, pension funds, mutual funds, and banks, demonstrating significant market confidence in SBI's creditworthiness and capital-raising strategy during the current financial year.
