Description

State Bank of India's new debt securities with face value of Rs. 10 crore, 6.93% p.a. interest rate, and maturity date of October 20, 2035, listed on BSE Debt segment.

Summary

State Bank of India has listed new debt securities on BSE’s Debt segment effective October 23, 2025. The securities were issued on a private placement basis with a face value of Rs. 10 crore per unit, bearing an interest rate of 6.93% per annum. The securities have a 10-year tenure with maturity on October 20, 2035, and include a call option exercisable on October 20, 2030.

Key Points

  • Scrip Code: 977234
  • Scrip ID: 693SBI35
  • ISIN: INE062A08488
  • Quantity: 7,500 units
  • Market Lot: 1 unit
  • Face Value: Rs. 10,00,00,000 (Rs. 10 crore)
  • Issue Price: Rs. 10,00,00,000
  • Date of Allotment: October 20, 2025
  • Interest Rate: 6.93% per annum (paid annually)
  • Credit Rating: CARE AAA/Stable, ICRA AAA/STABLE
  • Maturity Date: October 20, 2035
  • Call Option: Available on October 20, 2030
  • Trading Mode: Dematerialized form only
  • Tick Size: 1 paise

Regulatory Changes

No regulatory changes. This is a standard listing notification for debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE062A08488
  • Members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for complete details
  • For clarifications, trading members may contact BSE’s debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Listing Date: October 23, 2025
  • Allotment Date: October 20, 2025
  • Interest Payment Dates: Annually from October 20, 2026 to October 20, 2035
  • Call Option Date: October 20, 2030
  • Redemption Date: October 20, 2035

Impact Assessment

This is a routine debt securities listing with minimal market impact. The securities are privately placed and targeted at institutional investors. The high credit rating (AAA from both CARE and ICRA) indicates strong creditworthiness. The listing expands BSE’s debt market offerings but does not affect equity markets or retail trading operations. Trading members dealing in debt securities should note the dematerialized trading requirement and available call option feature.

Impact Justification

Routine listing of debt securities on private placement basis with no impact on retail investors or trading operations.