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SBI Card raises Rs 500 crore by issuing bonds

15 Jun 2021 Evaluate

SBI Cards and Payment Services’ board (SBI Card) has approved the allotment of 5,000 fixed rate, unsecured, rated, taxable, redeemable and senior non-convertible debentures aggregating to Rs 500 crore on a private placement basis. The company will list the bonds on the wholesale debt market segment of the BSE.

SBI Cards and Payment Services is a payment solutions provider in India.

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