Security Name: 9.55% SBI Cards And Payment Services Limited 29 Jan 2029
ISIN:
INE018E08144
Taxable
Tax Category
29 Jan, 2029
Maturity Date
(3 Yr 7 Mo 25 D to mature)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
29 Jan, 2019
Allotment Date
NA
Put Date
29 Jan, 2026
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
9.55%
Coupon
Fixed Interest
Coupon Basis
8.9862%
Current Yield
14 Jan, 2026
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
SBI Cards And Payment Services Limited
SBI Cards and Payment Services Limited, incorporated in 1998, is a non-deposit taking systemically important NBFC registered with the RBI. It is the second largest credit card provider in the country, with a card base of 1.32 crore as on December 31, 2021. Apart from the corporate office in Gurgaon and the registered office in New Delhi, SBICPSL had 19 branches with 140+ sourcing locations, 39,000+ sales agents, 4 call centres and over 6,000 collection agents across 140+ cities in India as on March 31, 2021.
The ratio in FY24 is 6.31x and it was 6.14x in FY23, this indicates the increase in the debt level due to increase in the borrowings as well as finance cost of the issuer.
Debt/EBITDA
The ratio in FY24 is 2.25x and it was 2.84x in FY23. This indicates that the debt servicing ability of the issuer has decreased due to increase in Interest on borrowings which led to overall increase in the finance cost.
Interest coverage ratio
Recent News
SBI Card and Titan launch ‘Titan SBI Card’
Mar 21, 2024 | SBI Cards And Payment Services Limited
SBI Cards declares interim dividend of ₹2.50 per share for FY24
Mar 19, 2024 | SBI Cards And Payment Services Limited
SBI Cards & Payment Services Ltd soars 1.42%, rises for fifth straight session
Nov 28, 2024 | SBI Cards And Payment Services Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
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Principal Amount
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BOND VALUE DETAILS
Face Value
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Total Investment
| Cashflow for INE018E08144 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 9.55% SBI Cards And Payment Services Limited 29 Jan 2029 |
| Credit Rating |
|---|
| AAA Stable by ICRA AAA Stable by CRISIL |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 9.550000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 29/01/2029 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jun 05,2025 |
| Principal Amount |
|---|
| ₹10,62,737 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹1 |
| Total Amount Payable |
|---|
| ₹10,62,738 |
| Price |
|---|
| ₹106.2737 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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