Did SBI List $500 Million Bonds on NSE-IX?
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Synopsis
Discover how the State Bank of India is making waves in the financial market with its recent USD 500 million bond listing. This move not only reflects global investor confidence but also strengthens the country's burgeoning financial ecosystem. Dive in to learn more about the implications of this significant step.
Key Takeaways
- SBI's bond issuance reflects investor confidence.
- The bonds feature a competitive coupon rate of 4.50%.
- Strong credit ratings from S&P and Fitch bolster trust.
- Enhances SBI's visibility in the international market.
- Supports the growth of GIFT City as a financial hub.
New Delhi, Sep 9 (NationPress) State Bank of India, the largest financial institution in India, has declared the listing of its newly issued USD 500 million Regulation S bonds on the NSE International Exchange (NSE-IX) located in GIFT City.
The bonds were offered at a coupon rate of 4.50% at NSE-IX. Additionally, these bonds have been sanctioned for listing on Singapore Exchange Securities Trading Limited (SGX-ST) and are priced at a spread of 75 basis points over the benchmark, as stated in a release by the bank.
These Regulation S bonds have secured credit ratings of BBB from S&P and BBB- from Fitch.
Rama Mohan Rao Amara, Managing Director (IB, GM & T) of SBI, remarked, “The successful issuance of $500 million signifies the robust demand for SBI bonds and showcases the confidence that global investors have in India's growth potential and the bank's creditworthiness.”
The listing on NSE-IX not only boosts market visibility but also highlights SBI’s dedication to enhancing the vision of establishing GIFT City as a dynamic international financial hub, he further stated.
As of June 2025, SBI boasts a deposit base exceeding Rs 54.73 lakh crore, with a CASA ratio of 39.36% and loans amounting to more than Rs 42.54 lakh crore. The bank's home loan portfolio has surpassed Rs 8.5 lakh crore, capturing a market share of 27.7% in home loans and 19.03% in auto loans.
Recently, SBI has approached the Reserve Bank of India (RBI) requesting permission for banks to finance acquisitions, as current regulations prohibit them from providing loans for mergers and acquisitions.
In the April–June quarter (Q1) of FY26, the twelve Public Sector Banks collectively achieved a record profit of Rs 44,218 crore, marking an 11% increase compared to the previous year. SBI alone accounted for 43% of this profit, with a net profit of Rs 19,160 crore.
Point of View
It's clear that the State Bank of India's recent bond listing is a pivotal moment for the financial sector in India. This not only demonstrates SBI's resilience but also signals a growing trust among global investors in India's economic prospects. Such initiatives are crucial as they contribute to India's positioning as a global financial hub.
NationPress
10/09/2025
Frequently Asked Questions
What is the significance of SBI's bond listing?
SBI's bond listing reflects strong global investor confidence and enhances its market presence, supporting India's growth narrative.
What are the ratings of SBI's Regulation S bonds?
The bonds have been rated BBB by S&P and BBB- by Fitch, indicating a stable investment grade.
How much was raised through the bond issuance?
SBI raised USD 500 million through this bond issuance.
What is the coupon rate of the bonds?
The bonds were issued at a coupon rate of 4.50%.
Where are the bonds listed?
The bonds are listed on the NSE International Exchange and approved for listing on the Singapore Exchange.
