Security Name: 9.75% SBM Bank (India) Limited 05 Apr 2032
ISIN: INE07PX08019
Taxable
Tax Category
05 Apr, 2027
Call Date
(1 Yr 2 Mo 10 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
05 Apr, 2022
Allotment Date
NA
Put Date
05 Apr, 2025
Next Interest Payment Date
14 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
9.75%
Coupon
Fixed Interest
Coupon Basis
9.7138%
Current Yield
22 Mar, 2025
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
Risk gauge from Low to High Safety. Needle points between Medium and High Safety. Credit rating is A / Stable (ICRA).
| Rating agency | Rating | Needle position |
|---|---|---|
| ICRA | A / Stable | between Medium and High Safety |
| CARE | A+ / Negative | between Medium and High Safety |
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
SBM Bank (India) Limited
SBM Holdings Limited is a major financial group listed in Mauritius (Market Cap: MUR 15.7B) with a 42% government-backed stake. Operating across Mauritius, Madagascar, India, and Kenya, the group manages its diverse interests through three arms: SBM (Bank) Holdings for banking, SBM (NBFC) Holdings for non-banking services like asset management and insurance, and SBM (NFC) Holdings for non-financial activities.
The ratio in FY25 is 1.36x and it was 1.50x in FY24, indicating slight decrease in the debt level due to slight decrease in the borrowings in FY25.
Debt/EBITDA
The ratio in FY25 is 0.84x and it was 0.92x in FY24, indicating slight decrease in the debt servicing ability of the issuer due to increase in the losses in FY25.
Interest coverage ratio
Recent News
SBM Bank India reports standalone net loss of Rs 19.58 crore in the December 2023 quarter
Apr 09, 2024 | SBM Bank (India) Limited
Neobanking Startup Jupiter Explores Stake In SBM Bank India
Sep 30, 2024 | SBM Bank (India) Limited
SBM Bank India Launches ‘MudraRap’ to Promote Cybersecurity Awareness
Sep 01, 2025 | SBM Bank (India) 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
Yield (YTC)
Principal Amount
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BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
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Total Investment
| Cashflow for INE07PX08019 |
|---|
| 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 |
|---|
| 9.75% SBM Bank (India) Limited 05 Apr 2032 |
| Credit Rating |
|---|
| A / Stable by ICRA A+ / Negative by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹1,00,00,000 |
| Coupon |
|---|
| 9.750000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 05/04/2027 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jan 23,2026 |
| Principal Amount |
|---|
| ₹1,00,37,230 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹10 |
| Total Amount Payable |
|---|
| ₹1,00,37,240 |
| Price |
|---|
| ₹100.3723 |
| 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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