SBI likely to raise Rs 7,500 crore via 10-year tier II bonds

State Bank of India is poised to raise ₹7,500 crore through the sale of 10-year Tier II bonds, with pricing expected above a 7% coupon. This marks the first such bond issuance by India's largest bank, featuring a base size of ₹5,000 crore and a po...

By ET Bureau | Oct 17, 2025, 05.47 AM IST

The issue includes a base size of ₹5,000 crore with a green shoe option of ₹2,500 crore which the bank will decide to retain depending on the issue, market participants said.

State Bank of India is likely to raise ₹7,500 crore by selling 10-year Tier II bonds on Friday. The bonds are likely to price above 7% coupon. It is the first such bond issue by India's largest bank.

The issue includes a base size of ₹5,000 crore with a green shoe option of ₹2,500 crore which the bank will decide to retain depending on the issue, market participants said.

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