Continue Reading on TOI App
Open App
OPEN APP

SBI Card raises Rs 525 crore through issuance of non-convertible debentures

NEW DELHI: SBI Card on Wednesday said it has raised up to Rs 525 crore by issuing non-convertible debentures to fund its business growth. It will allot 525 fixed rate, unsecured, rated, taxable, redeemable, subordinate tier II, listed, non-convertible debentures aggregating to Rs 525 crore on a private placement basis, according to a regulatory filing.

They will have a face value of Rs 1 crore each and carry a coupon rate of 8.33 per cent, it said.

Start a Conversation

Post comment
Continue Reading
Follow Us On Social Media
end of article
More Trending Stories
Visual Stories
More Visual Stories
UP NEXT
Do Not Sell Or Share My Personal Information