India’s SBI Cards and Payment Services SBICARD has accepted bids worth 7.50 billion rupees ($90.49 million) for subordinated bonds maturing in 10 years, three bankers said on Tuesday.It will pay an annual coupon of 8.29% and had invited bids from bankers and investors earlier in the day, they said.In January, the company raised 5.25 billion rupees via 10-year subordinated bonds at a coupon of 8.33%. Here is the list of deals reported so far on Feb. 27 Issuer Tenure Coupon (in %) Issue size (in bln rupees)* Bidding date Rating SBI Cards and Payment Services10…
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SBI Card accepts bids for bond issue
