SBI Cards and Payment Services Limited — QIP/Rights/Pref., 30-07-2025: Issue of Securities

SBI Cards has approved the allotment of 2,00,000 Fixed Rate, Unsecured, Rated, Taxable, Redeemable, Senior, Listed Non-Convertible Debentures (NCDs) on a private placement basis. Each NCD has a face value of Rs. 1,00,000, issued at par, aggregating to Rs. 2,000 crore. These debentures carry an annual interest rate of 7.05% and have a 3-year tenure, maturing on July 28, 2028. The NCDs will be listed on the BSE Wholesale Debt Market Segment, helping the company raise capital.