Business EconomyPosted at: Sep 9 2025 2:23PM


SBI announces listing of ‘Regulation S’ bonds on NSE-IX

New Delhi, Sep 9 (UNI) State Bank of India (SBI) today announced the listing of its USD 500 million of ‘Regulation S’ bonds, recently issued at a coupon rate of 4.50 pc at NSE-IX in Gift City, said an official statement.
SBI’s ‘Regulation S’ bonds are foreign currency bonds issued to non-US investors outside of the United States, exempt from US Securities and Exchange Commission (SEC) registration requirements under Regulation 'S' of the Securities Act of 1933.
The official statement said, “The bond is priced at a spread of 75 bps over the benchmark and is listing on SGX-ST and NSE-IX. The Notes carry 'BBB' and 'BBB-' from S&P and Fitch, respectively.”
'BBB' and 'BBB-' are credit ratings assigned by agencies like S&P and Fitch indicating a 'moderate level of safety' for financial obligations with a moderate credit risk.
A 'BBB' rating signifies adequate financial capacity, while a 'BBB-' is the lowest of the investment-grade ratings.
Commenting on the transaction, Rama Mohan Rao Amara, Managing Director (IB, GM and T), SBI, said, “ The successful issuance of USD 500 million is a testament to the strong appetite for bonds of SBI and reflects the confidence of the global investors in India’s growth story in general and the credit quality of the Bank in particular. The listing at NSE-IX enhances market visibility while reinforcing SBI’s commitment to support the vision of strengthening the GIFT City ecosystem as an evolving international financial hub.”
“ Citigroup, HSBC, JP Morgan, MUFG, SMBC Nikko, and Standard Chartered Bank were the joint bookrunners for this offering,” the official statement said.
NSE International Exchange (NSE IX) is an international, multi-asset exchange based in GIFT City, India. It is a wholly-owned subsidiary of the National Stock Exchange of India.
SGX-ST stands for Singapore Exchange Securities Trading Limited, a division of Singapore Exchange (SGX) that serves as a premier venue for securities trading and a listing platform for both local and foreign companies.
SBI is the largest commercial bank in terms of assets, deposits, branches, customers and employees.
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