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SBI Raises USD 250 Million via Senior Unsecured Floating Rate Bonds
State Bank of India (SBI) has successfully concluded the issuance of USD 250 million in Senior Unsecured Floating Rate Notes. These bonds are issued through the bank's London branch with a short-term maturity of 12 months. The coupon is set at Overnight SOFR plus 50 basis points per annum, payable quarterly. This issuance reflects the bank's ability to access international capital markets for liquidity management at competitive pricing.
Key Highlights
Successfully raised USD 250 million through Senior Unsecured Floating Rate CMU Cleared Notes
Short-term maturity of 12 months with a coupon of O/N SOFR + 50 bps
Bonds issued through the London branch under Regulation-S framework
Interest payments scheduled quarterly in arrears starting from February 2026
💼 Action for Investors
Investors should view this as a routine but positive liquidity management step that confirms SBI's strong standing in global credit markets. No immediate change in investment strategy is required based on this fundraise alone.
SBI: Shri Ashwini Kumar Tewari Assumes Charge as Managing Director
State Bank of India (SBI) has announced that Shri Ashwini Kumar Tewari has officially assumed the role of Managing Director effective January 28, 2026. This follows the Government of India notification dated December 16, 2025, regarding his re-appointment to the position. The move ensures continuity in the bank's top leadership team, which is crucial for India's largest public sector lender. Investors typically view leadership stability at the MD level as a positive sign for long-term strategic execution.
Key Highlights
Shri Ashwini Kumar Tewari assumed the post of Managing Director on January 28, 2026
The appointment follows the Government of India Notification No. 2/1/2025-BO.I dated December 16, 2025
Disclosure made under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
The re-appointment ensures leadership continuity within the bank's executive management team
💼 Action for Investors
No immediate action is required as this is a planned re-appointment ensuring leadership stability. Investors should remain focused on the bank's upcoming quarterly results and credit growth trends.