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8.99% Sbi Cards And Payment Services Limited - AAA Rated (INE018E08169)
ActivePrivate SectorUnsecured
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)
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
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
New Delhi
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Sbi Cards And Payment Services Limited
FAQs about INE018E08169 issued by Sbi Cards And Payment Services Limited
What is the instrument name of INE018E08169 ISIN?
The instrument name of INE018E08169 ISIN is SBI CARDS AND PAYMENT SERVICES LIMITED SERIES 16 8.99 NCD 12JU29 FVRS10LC.
How frequently is the interest paid on INE018E08169 bond issued by Sbi Cards And Payment Services Limited?
The interest earned from INE018E08169 bond issued by Sbi Cards And Payment Services Limited is paid Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE018E08169 bond issued by Sbi Cards And Payment Services Limited?
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.
What is the coupon rate of INE018E08169 bond issued by Sbi Cards And Payment Services Limited?
This Debenture offers a coupon rate of 8.99%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE018E08169 Debenture?
The INE018E08169 Debenture is issued by Sbi Cards And Payment Services Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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