State Bank of India corrects bond allotment to 6,051 units | Business Upturn

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State Bank of India (SBI) has issued a correction regarding its recent bond allotment. The bank clarified that the number of Non-convertible, Taxable, Redeemable, Unsecured, Fully Paid-up Basel III compliant Tier 2 Bonds allotted is 6,051, contrary to the previously stated figure of 1,00,00,000.

The bonds, each with a face value of ₹1 crore, were issued at a coupon rate of 7.05%. This correction follows SBI’s earlier disclosure dated 20 March 2026, which had inaccurately reported the number of bonds.

SBI has requested stakeholders to take note of this updated information and has assured that the correct number of bonds is now on record.

Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).

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TOPICS: NSE Shima Devi State Bank of India