Description
BSE announces listing of new 7.05% debt securities of SBI Cards and Payment Services Limited worth Rs. 2,000 crores with maturity in July 2028.
Summary
BSE has announced the listing of new debt securities issued by SBI Cards and Payment Services Limited on private placement basis. The securities carry 7.05% annual interest rate and will mature on July 28, 2028.
Key Points
- Issue size: Rs. 2,000 crores (200,000 securities of Rs. 1 lakh each)
- Interest rate: 7.05% per annum
- Credit rating: CRISIL AAA Stable, ICRA AAA Stable
- Securities will trade in dematerialized form only
- Tick size: 1 paise
- Market lot: 1 security
Security Details
- Scrip Code: 976966
- Scrip ID: 705SCPSL28
- ISIN: INE018E08375
- Face Value: Rs. 1,00,000
- Issue Price: Rs. 1,00,000
- Date of Allotment: July 30, 2025
Important Dates
- Listing Date: July 31, 2025
- Interest Payment: Annually
- Redemption Date: July 28, 2028
- No Put/Call Options: Available
Compliance Requirements
- Trading members must trade these securities only in dematerialized form
- Reference to Placement Memorandum available on BSE website for detailed terms
- Contact debt department for clarifications on specified phone numbers
Impact Assessment
Routine debt security listing with no immediate impact on equity markets. The AAA credit rating indicates strong creditworthiness of the issuer.
Impact Justification
Routine debt security listing with standard terms and no immediate market impact