Advertisement

Advertisement

Advertisement

Advertisement

SBI Cards raises Rs 550 crore through bond issue

SBI Cards and payment services on February 22, said, “It has raised Rs 550 crore through issuance of bonds on a private placement basis.”

In a filing with the exchange, SBI Card said, “The stakeholder relationship committee of the company has approved the allotment of 5,500 non-convertible debentures aggregating to Rs 550 crore on a private placement basis.”

“The coupon rate on the bonds is fixed at 5.95 percent per annum and the tenure of the bonds is three years with a maturity date of February 23, 2024,” the filing added.

Ads

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More