Description

State Bank of India has listed new debt securities worth Rs. 7,500 crore on BSE Debt segment with 6.93% annual interest rate and maturity date of October 20, 2035.

Summary

State Bank of India has listed new debt securities worth Rs. 7,500 crore (face value Rs. 10,000,000 per unit) on BSE Debt segment effective October 23, 2025. The securities were issued on private placement basis with an allotment date of October 20, 2025. The bonds carry an interest rate of 6.93% per annum with annual interest payments and mature on October 20, 2035. The securities have been assigned AAA credit ratings by both CARE and ICRA.

Key Points

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

Regulatory Changes

No regulatory changes introduced. This is a routine listing notification.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under ISIN INE062A08488
  • The tick size for trading is 1 paise
  • Trading members requiring clarification may contact BSE debt department at 22728352/8597/8995/5753/8915
  • Further details available in the Placement Memorandum at https://www.bseindia.com/markets/debt/memorandum_data.aspx

Important Dates

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

Impact Assessment

This is a routine debt securities listing with minimal market impact. The listing is for institutional investors through private placement and does not affect retail equity markets. The AAA credit rating indicates highest safety for debt investors. The 6.93% interest rate reflects current market conditions for long-tenor AAA-rated bank paper. The call option at 5-year mark provides issuer flexibility for early redemption if interest rates decline.

Impact Justification

Routine listing of debt securities on private placement basis with no material impact on equity trading or regulatory requirements for broader market participants.