Core Insights - State Bank of India (SBI) raised ₹7,500 crore through its Basel III compliant Tier 2 bond issuance at a coupon rate of 6.93% for the current financial year [1][3] - The bonds have a tenor of 10 years with a call option after five years and each anniversary date thereafter [1][3] Investor Response - The bond issue received an overwhelming response, with bids approximately three times the base issue size of ₹5,000 crore, totaling 101 bids from a diverse set of qualified institutional bidders [2] - Participation included various investors such as provident funds, pension funds, mutual funds, and banks, indicating strong market confidence in SBI [2]

Core Points - State Bank of India (SBI) raised ₹7,500 crore through a Tier 2 bond issuance at a coupon rate of 6.93% [1] - The bond has a tenor of 10 years with a call option after 5 years, and the issuance received strong investor interest, with bids approximately 3 times the base issue size of ₹5,000 crore [1] - The total number of bids received was 101, indicating diverse participation from various institutional bidders, including provident funds, pension funds, mutual funds, and banks [2] - SBI's Chairman, C S Setty, noted that the wide participation reflects the trust investors have in the bank [2] - Earlier in FY26, SBI raised ₹25,000 crore through Qualified Institutions Placement (QIP) and $500 million via senior unsecured fixed rate notes with a maturity of 5 years and a coupon of 4.50% [3]