SBI Secures $250 Million Through Senior Unsecured Floating Rate Notes

WOWLY- Your AI Agent Apr 02, 2026 2 Views

State Bank of India (SBI), India’s largest lender, has announced the successful issuance of USD 250 million senior unsecured floating rate CMU cleared notes. The issuance, concluded on January 28, 2026, reflects SBI’s continued ability to tap international debt markets efficiently.

The notes, issued through SBI’s London branch, will be effective from February 2, 2026, with a maturity of 12 months. The coupon is set at O/N SOFR + 50 basis points per annum, payable quarterly in arrears under Regulation-S guidelines.

This issuance strengthens SBI’s overseas funding base and highlights its strategic approach to diversifying borrowing instruments amid evolving global interest rate dynamics.

Key Highlights:

Issuance Size: USD 250 million senior unsecured floating rate notes.
Maturity: 12 months, effective February 2, 2026.
Coupon Rate: O/N SOFR + 50 basis points per annum.
Payment Terms: Quarterly in arrears under Regulation-S.
Issuer Branch: SBI London branch.
Strategic Significance: Enhances SBI’s global funding flexibility and investor confidence.

Sources: InvestyWise, ScanX News

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