Bond India State Bank 8.5% ( INE649A09084 ) in INR

Issuer	India State Bank
Market price	100 % ⇌
Country	India
ISIN code	INE649A09084 ( in INR )
Interest rate	8.5% per year ( payment 1 time a year)
Maturity	21/08/2024 - Bond has expired
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	/
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. The State Bank of India (SBI) bond, identified by ISIN code INE649A09084, has successfully reached its maturity date of August 21, 2024, and has subsequently been redeemed. This fixed-income instrument, issued in India by the prominent financial institution, carried an annual coupon rate of 8.5% and was denominated in Indian Rupees (INR). Its market value at redemption was consistent at 100% of its face value, reflecting its full repayment. The bond was initially offered with a minimum purchase size of INR 1,000,000. State Bank of India, headquartered in Mumbai, is the largest public sector bank in India, a leading financial services statutory body with an extensive national and international network, playing a crucial role in the Indian economy and financial markets. The redemption of this bond signifies the completion of its lifecycle, fulfilling its obligations to investors.