SBI celebrates raising of Rs. 50,000 crore domestic bonds during FY25

SBI celebrates raising of ₹50,000 crore domestic bonds during FY25. The country's largest lender has raised ₹5,000 crore AT1 Bonds, ₹15,000 crore Tier 2 Bonds and ₹30,000 crore Long Term Bonds till date during FY25 at very competitive rate. All these issues have attracted overwhelming response from investors and were oversubscribed by more than 2 times against the respective base issue size. The investors were across provident funds, pension funds, insurance companies, mutual funds, Banks etc. While speaking on the occasion, SBI Chairman Shri C.S. Setty said that wider participation and heterogeneity of bids demonstrated the trust investors place in the country's largest Bank.

Bank's AT1 Bonds are rated AA+ (stable outlook) and both the Tier 2 and Long Term Bonds are rated AAA (stable outlook). These bonds are of 15 years tenor except for the AT1 Bonds which is perpetual. The AT1 and Tier 2 Bonds raised by the Bank during the year are issued with call option after 10 years or any anniversary date thereafter.

The Bank acknowledged the support of all the intermediaries involved in the process.

Shares of State Bank of India was last trading in BSE at Rs. 839.35 as compared to the previous close of Rs. 844.75. The total number of shares traded during the day was 448647 in over 12469 trades.

The stock hit an intraday high of Rs. 846.70 and intraday low of 835.20. The net turnover during the day was Rs. 376886944.00.

Source : Equity Bulls

Keywords

StateBankofIndia INE062A01020 SBI FundRaising DomesticBonds FY25