Bond India State Bank 8.75% ( INE062A08215 ) in INR

Issuer	India State Bank
Market price	100 % ⇌
Country	India
ISIN code	INE062A08215 ( in INR )
Interest rate	8.75% per year ( payment 1 time a year)
Maturity	Perpetual
Prospectus brochure in PDF format is unavailable at this time We will provide it as soon as possible
Minimal amount	1 000 000 INR
Total amount	31 048 000 000 INR
Next Coupon	31/08/2026 ( In 203 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 detailed analysis of a notable bond issuance from the State Bank of India (SBI) provides a comprehensive view of a significant financial instrument currently available on the market. The issuer, State Bank of India, stands as the largest public sector bank in India, holding a dominant position within the nation's financial landscape; with its extensive network and significant asset base, SBI plays a pivotal role in the Indian economy, providing a wide array of banking and financial services across retail, corporate, and international segments, and its state-owned status often lends an additional layer of perceived stability in the eyes of investors. This specific financial instrument, identified by the ISIN code INE062A08215, is classified as a bond, originating from India; it carries a competitive fixed annual interest rate of 8.75%, with interest payments scheduled annually. Denominated in Indian Rupees (INR), one of its defining characteristics is its perpetual maturity; this feature signifies that the bond has no fixed redemption date, distinguishing it from traditional fixed-term debt instruments and implying that principal repayment is not scheduled at a predetermined future point, instead relying on the issuer's discretion or specific call provisions, which are typical for such instruments. The total size of this issuance amounts to a substantial INR 31,048,000,000, indicating a significant fundraising effort by SBI. Currently, the bond is trading at 100% of its face value on the market, reflecting a price at par. For prospective investors, the minimum purchase size is set at INR 1,000,000, positioning this bond as an investment primarily aimed at institutional buyers or high-net-worth individuals seeking exposure to the Indian financial sector through a high-yielding, long-term (perpetual) debt instrument.