Bond Directory / STATE BANK OF INDIA

STATE BANK OF INDIA

ACTIVE

8.20% UNSECURED RATED LISTED REDEEMABLE NON CONVERTIBLE PERPETUAL SUBORDINATED BASEL III COMPLAINT ADDITIONAL TIER 1 BOND IN NATURE DEBENTURES SERIES II

ISIN

INE062A08355

Copied

Essentials

Coupon Rate (Returns)

8.2

Rating

AA+  CARE RATINGS LIMITED

Interest Payment Frequency

ANNUALLY

Once Every Year

Maturity after

Perpetual

Face Value

₹1,00,00,000

Coupon Type

Simple

Can be returned to Issuer?

No

Put option exercised at

Data Not Available

Issue Details

Issue Size

4544 Crores

Issue Price

₹1,00,00,000

Security class

Bond

Listing details

NSE & BSE

Debenture Trustee

Axis Trustee Services Limited

Issue

Private Placement (EBP)

Issuer Details

STATE BANK OF INDIA

Business Sector

168

Issuer Nature type

Bank

Issuer Ownership

Public Sector Undertaking (PSU)

Factors

*Rating Agency -CARE RATINGS LIMITED

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Mode of Issuance

Private Placement (EBP)

Coupon Type

Simple

Factors

Issue Size

Large

Rating Category*

AA

Tax Saving

No

Mode of Issuance

Private Placement (EBP)

Coupon Type

Simple

*Rating Agency - CARE RATINGS LIMITED

Note: Pursuant to the provisions of Section 193 of the Income Tax Act, 1961, as amended, effective from 1st April 2023, TDS will be deducted at the rate of 10% (or such other rates as may be notified from time to time) on any interest payable on any security issued by a company other than securities issued by the Central Government or a State Government. The listing of products above: (a) should not be considered an advertisement, endorsement, or recommendation to invest. Please use your own discretion before you transact. (b) is in compliance with regulatory framework as applicable for Online Bond Platform Provider (c) at their given price or yield are subject to availability and market cut-off timings.

What is my risk?

Each bond is regularly evaluated by multiple reputed rating agencies

Credit Rating

Credit Rating

AA+

(Feb 21, 2023)

Instruments with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such instruments carry very low credit risk.

Credit Outlook

Stable

A Stable outlook indicates that the Rating is likely to remain unchanged

Rating Watch

4

-

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Additional Tier 1

Security with Collateral?

An investment secured with collateral helps

SECURED

UNSECURED

Type of Guarantee

Guarantee of investment by third-party if company defaults

GUARANTEED

NON GUARANTEED

PARTIAL GUARANTEED

gurantee icon

Want to know more?

Download Issue Documents (Information Memorandum / Termsheet)

What other details I need to know?

Other Important bond related information that can help you with decision making

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

How do I buy this bond?

You can follow the steps mentioned to complete your Purchase.

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