SBI Cards and Payment Services Ltd (SBI Card) has raised ₹450 crore by issuing bonds on a private placement basis.
Details of Debenture
The stakeholder relationship committee of the company has approved the allotment of 4,500 fixed rate, unsecured, rated, taxable, redeemable, senior, non-convertible debentures (NCDs) of the face value of ₹10 lakh each aggregating to ₹450 crore on a private placement basis
Tenure and Maturity
The tenure of the debt instruments is five years with the date of maturity as December 22, 2025.
Coupon Rate
The bonds bear coupon rate of 6 percent per annum.
Listing Exchange
The bonds will be listed on the Wholesale Debt Market Segment of BSE.
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