S

State Bank Of India 7.70% Jan 2038 NCD

AAA / Stable Unsecured NCD

State Bank Of India

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2038

Current YTM
7.93%
Market YTM
Coupon Rate
7.70%
Per annum
Maturity Date
19 Jan 2038
11.3 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.93%
Live, last traded 2026-09-22
10Y G-Sec Benchmark
6.89%
Reference point, not this bond's tenor
Spread over G-Sec
+98 bps
vs 11.3Y G-Sec at 6.95%
Below the median spread for similar-tenor peers
Tenure
11.3 Years
Remaining to maturity
Price vs Yield

Price chart data not available

Secondary market trade data is collected over time as bonds trade on BSE/NSE. Needs at least 3 trade dates.
Cashflow Timeline
19 Jan 2027
Interest Payment
₹7,700.00 / Bond
19 Jan 2028
Interest Payment
₹7,700.00 / Bond
19 Jan 2029
Interest Payment
₹7,700.00 / Bond
19 Jan 2030
Interest Payment
₹7,700.00 / Bond
19 Jan 2031
Interest Payment
₹7,700.00 / Bond
19 Jan 2032
Interest Payment
₹7,700.00 / Bond
19 Jan 2033
Interest Payment
₹7,700.00 / Bond
19 Jan 2034
Interest Payment
₹7,700.00 / Bond
19 Jan 2038
Principal Payment
₹100,000.00 / Bond

Next 8 coupons + principal at maturity · per ₹100,000 face value

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ┊ Today
Today Initial rating: AA+ by CRISIL on 2026-07-24 Issued 2023-01-19 Matures 2038-01-19

1 rating action on file since issue — hover a dot for detail.

Key Metrics
Coupon Rate
7.70%
YTM (Annual)
7.93%
Credit Rating
AAA
(ICRA)
Remaining Tenure
11.3 Years
Advanced metrics
Modified Duration
6.97 Yrs
Macaulay Duration
7.52 Yrs
Issue Size
₹9,718 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
6.97 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-09-22
BSE
Trades (30 Days)
1
Exchange-reported sessions
Security Status
Unsecured
No call option
Observations
  • This bond is unsecured.
  • 1 secondary-market trade recorded in the last 30 days.
  • Coupon is 2.30 percentage points below the median for tracked NCD bonds. (based on 20535 tracked NCD bonds with a stated coupon)
Structured Overview Data as of 25 Sep 2026
Instrument Type
NCD
Issue Date
2023-01-19
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

Issued by State Bank Of India, SBI-7.70%-19-1-2038-PVT is a rated, ncd paying a 7.70% p.a. coupon annual. The instrument repays principal on maturity.

Rating Action History 1 actions
DateAgencyActionRatingOutlookRationale
2026-07-24 CRISIL Initial AA+ Stable View →
Recent Market Prices
Trade DateClean PriceYTM (%)Trades
2026-09-22 98.1900 7.9300 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 ICRA, INDIA_RATINGS 2023-01-31
Rating Actions History 1 — 2026-07-24
Secondary-Market Trades 1 BSE 2026-09-22
Reg52(4) Payment Disclosures 0 — —
Documents
Entity metadata
Source
bse_bonds
Last Updated
25 Sep 2026

Risk warning: This page is for informational purposes only. Bond investments carry credit risk, interest rate risk, and liquidity risk. Credit ratings reflect agency opinion at a point in time. Nothing here constitutes investment advice or a recommendation. Verify all details against the issuer's offer document and the exchange. RetailBonds.in is not a SEBI-registered intermediary. See our full disclaimer.

Frequently Asked Questions
What is the coupon rate on State Bank Of India 7.70% Jan 2038 NCD?

State Bank Of India 7.70% Jan 2038 NCD carries a coupon of 7.70%, paid annual, on a face value of ₹100,000.

When does State Bank Of India 7.70% Jan 2038 NCD mature?

State Bank Of India 7.70% Jan 2038 NCD matures on 2038-01-19, 11.3 years from today.

What is State Bank Of India 7.70% Jan 2038 NCD rated?

State Bank Of India 7.70% Jan 2038 NCD is rated AAA by ICRA and AAA by INDIA_RATINGS. As of 2023-01-31.

Is State Bank Of India 7.70% Jan 2038 NCD secured?

State Bank Of India 7.70% Jan 2038 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does State Bank Of India 7.70% Jan 2038 NCD trade?

State Bank Of India 7.70% Jan 2038 NCD is listed on BSE.

What yield does State Bank Of India 7.70% Jan 2038 NCD currently offer?

The last recorded trade on 2026-09-22 priced State Bank Of India 7.70% Jan 2038 NCD at ₹98.19, implying a yield to maturity of 7.93%.

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