SBI plans first rupee-denominated perpetual bonds in 2026
after close1 source ↓written by the desknot a recommendation
- in perpetual bonds
- ₹50 billion
- 5 Aug
- Completion expected
- 5 Aug 2026
State Bank of India is set to issue ₹50 billion in perpetual bonds, becoming the first bank to tap this market in 2026. The Basel III-compliant bonds will have a five-year call option and are expected to be completed before the monetary policy decision on 5 Aug. This move may enhance SBI's capital base and investor confidence in the banking sector.
• ₹50 billion planned issuance
• Completion expected by 5 Aug 2026
• First bank to issue such bonds
Immediate market implications could include increased interest in similar instruments from other banks.
Not investment advice. For informational purposes only.