 "Sidbi")
SIDBI raised ₹5,607 crore on Wednesday through five-year bonds at an 8.17 per cent coupon rate amid a broader rally in the domestic bond market. (Photo: Wikipedia)
Small Industries Development Bank of India (Sidbi) on Wednesday raised ₹5,607 crore through five-year bonds at a coupon rate of 8.17 per cent, against its proposed fundraise of ₹6,000 crore. The issue attracted bids worth over ₹13,300 crore. However, SIDBI accepted only ₹5,607 crore, as the remaining bids were at yields higher than what the lender was willing to offer.
The fundraise comes amid a rally in the government bond market. The yield on the 10-year benchmark government bond declined to 7.18 per cent on Wednesday from 7.48 per cent on October 26, following a correction in crude oil prices. The decline in yields has revived activity in the domestic debt capital market, with issuers looking to capitalise on the favourable borrowing environment.
Earlier this week, Nabard raised ₹6,000 crore in five-year bonds at a coupon rate of 8.27 per cent, mobilising the full amount it looked to raise.
First Published: Nov 04 2026 | 8:10 PM IST
