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SBI mobilises Rs 6,051 crore from Tier II bonds to fund biz growth
The Economic Times· 2026-03-18 04:25
Group 1 - The State Bank of India (SBI) has raised Rs 6,051 crore through its second Basel III-compliant Tier II bond issuance at a coupon rate of 7.05 percent payable annually [5] - The bonds have a tenor of 10 years, with a call option after 5 years and each anniversary date thereafter [5] - The bond issue attracted a strong response from investors, with bids approximately 2 times the base issue size of Rs 5,000 crore [5] Group 2 - A total of 47 bids were received, indicating participation from a diverse set of qualified institutional bidders, including provident funds, pension funds, mutual funds, and banks [2] - SBI Chairman CS Setty noted that the wider participation and heterogeneity of bids demonstrate the trust investors place in the bank [4]