5.70% Sbi Cards And Payment Services Limited - AAA Rated (INE018E08268)

Sbi Cards And Payment Services Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE018E08268, with a face value of ₹10,00,000 rs on 17Aug21 to raise 500 crores. The debt instrument is issued with a coupon rate of 5.70% 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 5.70% UNSECURED RATED LISTED TAXABLE SENIOR REDEEMABLE NON CONVERTIBLE DEBENTURES. SERIES 26. DATE OF MATURITY 16/08/2024. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Full Redemption option. The Debenture is listed on BSE stock exchange on 18Aug21. CRISIL RATINGS LIMITED has given AAA rating to this Debenture on 10Aug21. 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.