Bond SBI Card & Payment Services Securities 5.7% ( INE018E08268 ) in INR

Issuer	SBI Card & Payment Services Securities
Market price	100 % ⇌
Country	India
ISIN code	INE018E08268 ( in INR )
Interest rate	5.7% per year ( payment 1 time a year)
Maturity	16/08/2024 - Bond has expired
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Minimal amount	/
Total amount	5 000 000 000 INR
Detailed description	SBI Cards and Payment Services Bonds are debt instruments issued by SBI Cards and Payment Services Limited, a leading credit card issuer in India, offering investors fixed income with varying maturities and interest rates. The fixed-income instrument bearing ISIN code INE018E08268, a bond issued by SBI Cards and Payment Services, has recently completed its full lifecycle, confirming its maturity and repayment to investors. SBI Cards and Payment Services, a prominent financial services company headquartered in India, stands as a leading player in the nation's credit card and payment solutions sector, operating as a joint venture between the State Bank of India, India's largest public sector bank, and Carlyle Group, a global investment firm, underscoring its significant market presence and operational scale within the robust Indian financial landscape. This specific debt issuance, denominated in Indian Rupees (INR), featured a coupon rate of 5.7% and represented a substantial total issue size of INR 5,000,000,000. Originally structured with an annual payment frequency, the bond reached its scheduled maturity on August 16, 2024, at which point it was reflected in the market at 100% of its face value, indicating the principal's repayment. Confirming its successful conclusion, this obligation has indeed matured and has been fully repaid to its holders.