The issue was priced at a coupon rate of 7.75% and received bids worth more than twice the base issue size of ₹3,000 crore, according to the bank. The bonds are perpetual in nature, with a call option available after five years and on every anniversary thereafter.
The issue was rated AA+ with a stable outlook by CRISIL Ratings Limited and CARE Ratings Limited.
SBI said it received 89 bids from qualified institutional investors, including provident funds, pension funds, mutual funds and banks. Based on investor demand, the bank accepted the full ₹4,691 crore at the stated coupon rate.
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The issuance will add to SBI’s regulatory capital through a non-equity route. Under Basel III norms, AT1 bonds are designed to qualify as regulatory capital for banks, subject to applicable conditions.
SBI last reported a deposit base of around ₹60 lakh crore and advances of over ₹49.33 lakh crore as of March 31, 2026.
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First Published: Jul 30, 2026 8:39 AM IST
