Advertisement

  • News
  • Columns
  • Interviews
  • BW Communities
  • BW TV
  • Subscribe to Print
BW Businessworld

SBI Card Raises Rs 650 Cr Via Private Placement Of Bonds

The bonds, bearing interest at 5.82 per cent, have a tenure of three years and are set for maturity on December 24, 2024.

Photo Credit : PTI

1496147618_JmVBwE_Rs2000notes-PTI.jpg

SBI Cards and Payment Services (SBI Card) on Friday said it has raised Rs 650 crore by issuing bonds on a private placement basis.

"We hereby inform that stakeholders' relationship and customer experience committee of the company has approved the allotment of 6,500 fixed rate, unsecured, rated, taxable, redeemable, senior, listed non-convertible debentures (NCDs) aggregating to Rs 650 crore on private placement basis," SBI Card said in a release.

The bonds, bearing interest at 5.82 per cent, have a tenure of three years and are set for maturity on December 24, 2024.

SBI Card stock was trading nearly flat at Rs 906 apiece on BSE.


Tags assigned to this article:
sbi card private placement bonds