Description

BSE announces listing of new debt securities worth Rs. 200 crores by SBI Cards with 7.05% p.a. interest rate and 3-year maturity.

Summary

BSE has listed new debt securities of SBI Cards and Payment Services Limited on private placement basis effective July 31, 2025. The issue comprises 200,000 securities with face value of Rs. 1,00,000 each, carrying 7.05% p.a. interest rate and maturing on July 28, 2028.

Key Points

  • Securities quantity: 200,000 units (Rs. 200 crores)
  • Face value: Rs. 1,00,000 per security
  • Interest rate: 7.05% per annum (annual payment)
  • Credit rating: CRISIL AAA Stable, ICRA AAA Stable
  • ISIN: INE018E08375
  • Scrip Code: 976966
  • Date of allotment: July 30, 2025
  • Maturity date: July 28, 2028
  • Trading in dematerialized form only
  • Tick size: 1 paise

Regulatory Changes

No regulatory changes announced.

Compliance Requirements

  • Trading members must trade securities only in dematerialized form
  • Securities to be traded under specified ISIN number
  • Refer to Placement Memorandum for detailed terms

Important Dates

  • Listing date: July 31, 2025
  • Allotment date: July 30, 2025
  • Interest payment: Annually
  • Maturity date: July 28, 2028

Impact Assessment

Minimal market impact as this is a routine corporate debt listing. The securities provide investors with AAA-rated debt instrument from a major financial services company. No put/call options available, indicating standard debt structure.

Impact Justification

Routine corporate debt listing with standard terms and no market-wide implications