SBI Card accepts bids for bond issue - bankers
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 Services | 10 years | 8.29 | 7.50 | Feb. 27 | AAA (Crisil, Icra) |
Aditya Birla Finance | 3 years | To be decided | 2+8 | Feb. 28 | AAA (Icra, India Ratings) |
Bajaj Housing Finance Feb 2034 reissue | 10 years | To be decided | 5+2.50 | Feb. 28 | AAA (Crisil) |
Tata Capital | 3 years and 2 months | 8.2850 | 5+11.40 | Feb. 28 | AAA (Crisil, ICRA) |
Piramal Enterprises | 2 years | 9.35 | 1+5 | Feb. 28 | AA (Careedge) |
Sundaram Finance | 6 years | To be decided | 20 | Feb. 28 | AAA (Crisil) |
Axis Finance | 2 years | 8.35 | 3+2 | Feb. 27 | AAA (Crisil, India Ratings) |
Axis Finance Feb 2027 reissue | 3 years | To be decided | 2+1 | Feb. 27 | AAA (Crisil, India Ratings) |
Vadodara Municipal Corp | 5 years | To be decided | 1 | Mar. 1 | AA+ (India Ratings, AA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 82.8795 Indian rupees)