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Instrument Details

ISIN: INE018E08169

Face value

₹10,00,000

Coupon rate

8.99%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

100

Instrument Type

Debenture

Returns

High

Date of Issue

12 Jun 2019

Maturity Date

06 Dec 2029

Perpetual

Yes

Listing Status

Listed

Rating status

AAA (CRISIL Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Unsecured

Asset Coverage

-

Seniority in Repayment

Subordinate Tier 2

Guarantee Type

Non Convertible

About this Bond

SBI CARDS AND PAYMENT SERVICES LIMITED SERIES 16 8.99 NCD 12JU29 FVRS10LC
Sbi Cards And Payment Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE018E08169, with a face value of ₹10,00,000 rs on 12Jun19 to raise 100 crores. The debt instrument is issued with a coupon rate of 8.99% and its interest is paid Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Unsecured Debenture is 8.99% UNSECURED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 16. DATE OF MATURITY 12/06/2029. This instrument is issued in Private Placement mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 27Jun19. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 04Jun19. This issuer is formerly known as SBI CARDS & PAYMENT SERVICES PRIVATE LIMITED Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.

Rating (Debt Quality)

Instrument Rating
AAA
Highest Safety
AAA
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Date Verified
28 Feb 2022
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Outlook
Stable
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Seniority in Repayment
Subordinate Tier 2
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Security
Unsecured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
12-Jun-19 : Your investment
₹89,90,000
12-Jun-20 : Interest
₹89,90,000
12-Jun-21 : Interest
₹89,90,000
12-Jun-22 : Interest
₹89,90,000
12-Jun-23 : Interest
₹89,90,000
12-Jun-24 : Interest
₹89,90,000
12-Jun-25 : Interest
₹89,90,000
12-Jun-26 : Interest
₹89,90,000
12-Jun-27 : Interest
₹89,90,000
12-Jun-28 : Interest
₹89,90,000
12-Jun-29 : Interest
₹18,99,00,000
06-Dec-29 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹8,99,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

8.99%

Returns

High

Bond Rating

AAA

Seniority in Repayment

Subordinate Tier 2

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE018E08169 issued by Sbi Cards And Payment Services Limited

The instrument name of INE018E08169 ISIN is SBI CARDS AND PAYMENT SERVICES LIMITED SERIES 16 8.99 NCD 12JU29 FVRS10LC.
The interest earned from INE018E08169 bond issued by Sbi Cards And Payment Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE018E08169 bond issued by Sbi Cards And Payment Services Limited has been assigned a credit rating of AAA by CRISIL RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
This Debenture offers a coupon rate of 8.99%, which determines the periodic interest payments made to bondholders.
The INE018E08169 Debenture is issued by Sbi Cards And Payment Services Limited, a Private Sector company.
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