SBM BANK (INDIA) LIMITED Coupon 9.75% | Private Sector Bank Bond

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Returns (YTC)

N/A

Min. Investment

N/A

Remaining Tenure

2Y 10M 16Days

Payment Terms

Yearly

Highlights

Credit Rating

CARE A+/NEGATIVE

Seniority

SUBORDINATE

Security

Unsecured TIER II

Default History

Zero

About Issuer

SBM BANK (INDIA) LIMITED

SBM Bank (India) Ltd., founded on December 1, 2018, is an Indian private sector bank based in Mumbai, India.It is India's first foreign bank, licenced as a Scheduled Commercial Bank by the Reserve Bank of India through a wholly-owned subsidiary model. The bank is present in the majority of major metropolitan cities, including Mumbai, New Delhi, Bengaluru, Chennai, Hyderabad, and Ahmedabad, as well as centres such as Ramachandrapuram and Palghar

The bank has decided to expand its operations in India by focusing on technology-led and digital-led platforms, and it plans to add two new branches in Fiscal Year 2022.

Its collaborative banking strategy has resulted in alliances with a variety of partners to provide a full range of products and services. SBM Bank (India) Ltd has collaborated with over 40 fintech companies, including RapiPay, Paynearby, Paisabazaar, Drip Capital, U GRO, and Lendingkart.

SBM Holdings Ltd is the third largest listed entity on the Mauritius Stock Exchange, with a market capitalization of MUR 13.5 billion as of June 30, 2021.

Other than India, SBM currently has 44 branches in Mauritius and Rodrigues, 47 in Kenya, and six in Madagascar.

Furthermore, The Banker Magazine, a publication of the Financial Times, consistently ranks SBM Group among the Top 1,000 World Banks.

Financial Analysis (FY 2020-21 vs FY 2019-20)

Net Interest income up by 62.25% from Rs.48.18 crore to Rs.78.17 crore.
Profit After Tax up by 881.05% from Rs.1.90 crore to 18.64 crore.
Net worth up by 3.35% from Rs.557.13 crore to 575.78 crore.
Total Loan assets up by 130.39% from Rs.1266.25 crore to Rs.2917.33 crore.

Total Annual Revenue

160.23 Cr (FY 21)

Year of Inception

1994

Industry

Private Sector Bank

Head Office

Mumbai

Type of Issuer

Corporate

Current MD/CEO

Mr. Sidharth Rath

Credit Rating / Outlook

A+ STABLE

CARE

A+ NEGATIVE

ICRA

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with A credit rating are considered to have an adequate degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

SBM BANK (INDIA) LIMITED

Security Name

ISIN

Copy

INE07PX08019

Face Value

₹ 1,00,00,000

Coupon Rate

9.75%

Coupon Type

FIXED

Payment Terms

Yearly

Call Date

5-Apr-2027

Maturity Date

5-Apr-2032

Clean Price

₹ 100.6

Dirty Price

Current Yield

Yield to Call

9.4813%

Yield to Maturity

9.6224%

Mode of Issue

Private Placement

Date of Issue

5-Apr-2022

Listed

Yes

Instrument Type

Taxable

Security

Unsecured

Seniority

SUBORDINATE

Perpetual

Tier level

Trustee Details

Axis Trustee Services Limited

Registrar Details

KFIN TECHNOLOGIES PRIVATE LIMITED

Plot No. 17-24, Vittal rao Nagar, Madhapur, Hyderabad, 500081.

Looking For More Information ?

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Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: KFIN TECHNOLOGIES PRIVATE LIMITED Plot No. 17-24, Vittal rao Nagar, Madhapur, Hyderabad, 500081.

This bond is
currently out of stock

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FAQs about SBM BANK (INDIA) LIMITED bonds

How to buy this SBM BANK (INDIA) LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy SBM BANK (INDIA) LIMITED bond online follow the steps below:

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Pay online via payment gateway and receive bond units in your demat account

What is the yield of this SBM BANK (INDIA) LIMITED bond?

9.4813% is the current yield of this SBM BANK (INDIA) LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to call (YTC) of this SBM BANK (INDIA) LIMITED bond is 9.4813%, which indicates the total expected return if the bond is held till the call date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to call.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this SBM BANK (INDIA) LIMITED bond?

To redeem this SBM BANK (INDIA) LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon call, the bond units held in your demat account will be automatically debited on the call date, and if the call date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this SBM BANK (INDIA) LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this SBM BANK (INDIA) LIMITED bond tax-free?

No, this SBM BANK (INDIA) LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this SBM BANK (INDIA) LIMITED bond before the call date?

Yes, it is possible to sell this SBM BANK (INDIA) LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

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Highlights

About Issuer

SBM BANK (INDIA) LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this SBM BANK (INDIA) LIMITED bond online?

What is the yield of this SBM BANK (INDIA) LIMITED bond?

Is it safe to invest in bonds?

How to redeem this SBM BANK (INDIA) LIMITED bond?

Is this SBM BANK (INDIA) LIMITED bond tax-free?

Can I sell this SBM BANK (INDIA) LIMITED bond before the call date?

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