SBI Cards and Payment Services Limited has informed the Exchange about issue of Securities
SBICARD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
SBI Cards has allotted 2 lakh unsecured, listed, redeemable Non-Convertible Debentures (NCDs) of face value Rs. 1 lakh each, raising a total of Rs. 2,000 crores on a private placement basis under Series 37. The NCDs carry a fixed coupon of 7.05% per annum, paid annually, and have a 3-year tenure maturing on July 28, 2028. The securities are unsecured, senior-rated, taxable, and will be listed on the Wholesale Debt Market segment of BSE. The allotment was approved by the Stakeholders' Relationship and Customer Experience Committee on July 30, 2025.
The Rs. 2,000 crore raise expands SBI Cards' debt base at a competitive 7.05% coupon, which is neutral-to-mildly positive for equity shareholders as it reflects healthy access to debt markets, though it adds to future interest obligations without equity dilution.