Description

State Bank of India's new debt securities worth Rs. 75,000 crore (7,500 bonds of Rs. 1 crore each) with 6.93% interest rate listed on BSE Debt segment, maturing in 2035 with call option in 2030.

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, comprising 7,500 bonds with a face value of Rs. 1 crore each, carrying an interest rate of 6.93% per annum. The bonds mature on October 20, 2035, with a call option available from October 20, 2030. The securities are rated CARE AAA/Stable and ICRA AAA/Stable.

Key Points

  • Total issue size: 7,500 bonds of Rs. 1 crore each (Rs. 75,000 crore)
  • Scrip Code: 977234, Scrip ID: 693SBI35
  • ISIN: INE062A08488
  • Interest rate: 6.93% per annum (paid annually)
  • Date of allotment: October 20, 2025
  • Maturity date: October 20, 2035 (10-year tenure)
  • Call option available from: October 20, 2030
  • Credit ratings: CARE AAA/Stable and ICRA AAA/Stable
  • Market lot: 1 bond
  • Trading only in dematerialized form
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes. This is a routine listing notification for new 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 detailed information
  • For clarifications, trading members may contact BSE’s debt department at 22728352/8597/8995/5753/8915

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

Market Impact: Minimal. This is a routine debt security listing that provides additional fixed-income investment opportunities. The securities are privately placed and will trade on the debt segment.

Issuer Profile: State Bank of India, India’s largest public sector bank, continues to access debt markets for funding. The AAA ratings reflect the bank’s strong creditworthiness.

Investor Impact: Suitable for institutional and high-net-worth investors seeking long-term fixed-income instruments with sovereign-backed credit quality. The 6.93% coupon offers predictable returns with a call option providing issuer flexibility after 5 years.

Impact Justification

Routine debt security listing with no impact on equity trading or regulatory changes. Information relevant primarily for debt market participants.