State Bank of India’s Bond Issuance Analyzed

State Bank of India (SBI) recently raised a significant amount of money by selling bonds to investors. They issued bonds worth Rs 7,500 crore – that’s a lot of money! These bonds are a way for SBI to borrow money for a specific purpose, and investors get paid interest for holding them.

Key Points

• SBI raised Rs 7,500 crore through new bonds.
• Bonds are unsecured and fully paid-up.
• Interest paid annually at 6.93% until 2035.
• Bonds listed on BSE and NSE, starting October 2025.
• Redemption scheduled for October 20, 2035.
• SBI’s profit increased 12.48% compared to last year.

These bonds have some important details. Each bond costs Rs 1 crore and pays out interest every year. Importantly, SBI has the option to buy back the bonds after five years, meaning they can take them back from investors. The bonds will be traded on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE), making them easier for people to buy and sell.

SBI is a major bank in India and reported strong profits. The bank’s net profit grew by 12.48% compared to the previous year, showing good financial health. However, their interest income (the money they make from lending money) saw a slight dip.

The stock price of SBI increased by a small amount, rising to Rs 907.60 on the BSE. This shows that investors have confidence in SBI’s future performance. The overall financial situation suggests a stable and growing institution.

Financial decisions like this demonstrate SBI’s commitment to securing its financial future.