State Bank of India — Important, 18-11-2024: General Updates

Bidding for the Bank's Long Term bond issuance of ₹10,000 crores was conducted on the EBP platform of NSE. The issuance consists of non-convertible, taxable, redeemable, unsecured bonds with a face value of ₹1 lakh each. The total number of bonds issued is 10,00,000, and bids were received from 85 participants. The coupon rate is set at 7.23%. The issue has closed and is proposed to be listed on both BSE and NSE, with the deemed date of allotment on 19.11.2024. This move could strengthen the bank's funding base and enhance liquidity, presenting a positive outlook for future growth and operational capabilities.