Instrument Details

ISIN: INE018E08235

Face value

₹10,00,000

Coupon rate

5.90%

Payment

Annually

Tax Type

Taxable

Issue Size (Cr)

550

Instrument Type

Debenture

Returns

Medium

Date of Issue

23 Feb 2021

Maturity Date

23 Feb 2024

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

None

Guarantee Type

Non Convertible

About this Bond

SBI CARDS AND PAYMENT SERVICES LIMITED SR 23 5.90 NCD 23FB24 FVRS10LAC
Sbi Cards And Payment Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE018E08235, with a face value of ₹10,00,000 rs on 23Feb21 to raise 550 crores. The debt instrument is issued with a coupon rate of 5.90% 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 5.90% UNSECURED RATED LISTED TAXABLE SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 23. DATE OF MATURITY 23/02/2024. 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 25Feb21. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 09Feb21. 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
None
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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
23-Feb-21 : Your investment
₹59,00,000
23-Feb-22 : Interest
₹59,00,000
23-Feb-23 : Interest
₹59,00,000
23-Feb-24 : Interest
₹11,77,00,000
23-Feb-24 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹1,77,00,000)

Summary

Instrument Attributes

Value

Coupon Rate

5.90%

Returns

Medium

Bond Rating

AAA

Seniority in Repayment

None

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 INE018E08235 issued by Sbi Cards And Payment Services Limited

The instrument name of INE018E08235 ISIN is SBI CARDS AND PAYMENT SERVICES LIMITED SR 23 5.90 NCD 23FB24 FVRS10LAC.
The interest earned from INE018E08235 bond issued by Sbi Cards And Payment Services Limited is paid Annually, ensuring regular and consistent income for investors.
This INE018E08235 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 5.9%, which determines the periodic interest payments made to bondholders.
The INE018E08235 Debenture is issued by Sbi Cards And Payment Services Limited, a Private Sector company.