SBI Card raises Rs 650 crore by means of personal placement of bonds

SBI Playing cards and Fee Providers (SBI Card) on Friday stated it has raised Rs 650 crore by issuing bonds on a personal placement foundation.

“We hereby inform that stakeholders’ relationship and buyer expertise committee of the corporate has accredited the allotment of 6,500 mounted price, unsecured, rated, taxable, redeemable, senior, listed non-convertible debentures (NCDs) aggregating to Rs 650 crore on personal placement foundation,” SBI Card stated in a launch.

The bonds, bearing curiosity at 5.82 per cent, have a tenure of three years and are set for maturity on December 24, 2024.

SBI Card inventory was buying and selling almost flat at Rs 906 apiece on BSE.

(Solely the headline and film of this report could have been reworked by the Enterprise Customary employees; the remainder of the content material is auto-generated from a syndicated feed.)

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