S

State Bank Of India 7.54% Aug 2038 NCD

AAA Unsecured NCD

State Bank Of India

Unsecured, Rated, Taxable, Redeemable NCD

Browse: AAA rated bonds · bonds maturing in 2038

Current YTM
7.85%
Market YTM
Coupon Rate
7.54%
Per annum
Maturity Date
01 Aug 2038
11.8 Yrs to Maturity
Interest Payment
Annual
Frequency
Face Value
₹100,000
Per Bond
Market Position
YTM (Annual)
7.85%
Live, last traded 2026-09-22
10Y G-Sec Benchmark
6.89%
Reference point, not this bond's tenor
Spread over G-Sec
+93 bps
vs 11.8Y G-Sec at 6.92%
Below the median spread for similar-tenor peers
Tenure
11.8 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
1 Aug 2027
Interest Payment
₹7,540.00 / Bond
1 Aug 2028
Interest Payment
₹7,540.00 / Bond
1 Aug 2029
Interest Payment
₹7,540.00 / Bond
1 Aug 2030
Interest Payment
₹7,540.00 / Bond
1 Aug 2031
Interest Payment
₹7,540.00 / Bond
1 Aug 2032
Interest Payment
₹7,540.00 / Bond
1 Aug 2033
Interest Payment
₹7,540.00 / Bond
1 Aug 2034
Interest Payment
₹7,540.00 / Bond
1 Aug 2038
Principal Payment
₹100,000.00 / Bond

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

Payment Disclosures (SEBI Reg52(4)) 1 disclosed
Due DateTypeAmount DueAmount PaidStatusFiling
2026-08-01 Interest ₹7,540,000,000.00 ₹7,540,000,000.00 Paid XBRL →
Non-payment reason: NA

Source: NSE Debt Centralised Database (corporate-interest-payment / corporate-redemption-payment), per SEBI LODR Reg 52(4)/60. Coverage begins 2026-08-02 -- history accumulates as disclosures are broadcast.

Bond Timeline
— Issue / Maturity | Coupon (projected) ● Rating action ◆ Reg52(4) disclosed ┊ Today
Today Initial rating: AA+ by CRISIL on 2026-07-24 Interest paid (SEBI Reg52(4) disclosure) — due 2026-08-01 Issued 2023-08-01 Matures 2038-08-01

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

1 SEBI Reg52(4) disclosed payment — hover a square/diamond for detail.

Key Metrics
Coupon Rate
7.54%
YTM (Annual)
7.85%
Credit Rating
AAA
(ICRA)
Remaining Tenure
11.8 Years
Advanced metrics
Modified Duration
7.51 Yrs
Macaulay Duration
8.10 Yrs
Issue Size
₹10,000 Cr
Minimum Investment
₹100,000
(1 Bond)
Market Characteristics
Modified Duration
7.51 Yrs
Price sensitivity per 1% yield move
Payment Frequency
Annual
Last Trade
2026-09-22
NSE OTC (WAP)
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 2.46 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
2023-08-01
Day Count Convention
ACT/ACT
Listed Exchange
BSE
Call / Put Option
None disclosed

SBI-7.54%-01-08-38-PVT is a rated, redeemable ncd issued by State Bank Of India. The bond offers a fixed coupon of 7.54% p.a. with annual interest payments and 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 97.5845 7.8500 1
Data Coverage
DatasetRecordsDetailFreshness
Credit Ratings 2 ICRA, INDIA_RATINGS 2023-08-31
Rating Actions History 1 — 2026-07-24
Secondary-Market Trades 1 NSE OTC (WAP) 2026-09-22
Reg52(4) Payment Disclosures 1 NSE 2026-08-01
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 7.54% Aug 2038 NCD?

State Bank Of India 7.54% Aug 2038 NCD carries a coupon of 7.54%, paid annual, on a face value of ₹100,000.

When does State Bank Of India 7.54% Aug 2038 NCD mature?

State Bank Of India 7.54% Aug 2038 NCD matures on 2038-08-01, 11.8 years from today.

What is State Bank Of India 7.54% Aug 2038 NCD rated?

State Bank Of India 7.54% Aug 2038 NCD is rated AAA by ICRA and AAA by INDIA_RATINGS. As of 2023-08-31.

Is State Bank Of India 7.54% Aug 2038 NCD secured?

State Bank Of India 7.54% Aug 2038 NCD is unsecured; holders rank alongside other unsecured creditors in the event of default.

Where does State Bank Of India 7.54% Aug 2038 NCD trade?

State Bank Of India 7.54% Aug 2038 NCD is listed on BSE.

What yield does State Bank Of India 7.54% Aug 2038 NCD currently offer?

The last recorded trade on 2026-09-22 priced State Bank Of India 7.54% Aug 2038 NCD at ₹97.58, implying a yield to maturity of 7.85%.

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