SBI Cards & Payment Services to raise Rs 500 cr via NCDs

Insight Online News

Mumbai, Sep 15 : SBI Cards and Payment Services said its Stakeholders Relationship and Customer Experience Committee has approved the allotment of 5000 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Senior, Listed Non-Convertible Debentures (NCDs) of the face value of Rs. 10,00,000 each, at par, under Series 31 aggregating to Rs. 500 crores on private placement basis.

The issue size of Rs. 500 crores includes issue size of Rs. 300 crores with an option to retain oversubscription upto Rs. 200 crores. The coupon / interest offered is 7.39 pc per annum.


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