Bond India State Bank 9% ( INE062A08124 ) in INR

Issuer	India State Bank
Market price	100 % ⇌
Country	India
ISIN code	INE062A08124 ( in INR )
Interest rate	9% per year ( payment 1 time a year)
Maturity	Perpetual
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Minimal amount	1 000 000 INR
Total amount	21 000 000 000 INR
Next Coupon	01/01/2027 ( In 326 days )
Detailed description	State Bank of India (SBI) is India's largest commercial bank, offering a wide range of banking and financial services both domestically and internationally. A debt instrument from the Indian market, specifically an obligation issued by the State Bank of India, presents an intriguing profile for investors. Designated by the ISIN code INE062A08124, this bond is denominated in Indian Rupees (INR) and offers an attractive annual coupon rate of 9%, with interest payments disbursed once per year. A key feature distinguishing this instrument is its perpetual maturity, meaning it does not carry a fixed redemption date, thereby offering a continuous income stream without a predefined principal repayment. Such perpetual bonds are often designed to bolster an issuer's capital base and may include call options for the issuer after a specified period, alongside potential subordination clauses within the capital structure. The issuer, State Bank of India (SBI), is India's largest public sector bank and a cornerstone of the nation's financial system. With a formidable presence across India and a growing international footprint, SBI provides a comprehensive suite of banking and financial services, ranging from retail to corporate banking. Its status as a leading financial institution and its critical role in India's economy underscore the significance of its debt offerings in the market. This particular issuance commands a substantial total size of INR 21,000,000,000 (Twenty-one billion Indian Rupees). Access for investors is set with a minimum purchase size of INR 1,000,000 (One million Indian Rupees), aligning it with institutional and high-net-worth investor portfolios. Currently, market observations indicate the bond is trading precisely at 100% of its par value, reflecting a stable valuation within the secondary market.