Satin Creditcare Network Limited has informed the Exchange regarding Outcome of Working Committee Meeting held on July 14, 2025 for issuance of 50 Crore Non- convertible Debentures .
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Satin Creditcare Network's Working Committee approved the terms for issuing 5,000 unsecured, subordinated, listed, taxable, redeemable NCDs with a face value of Rs. 1,00,000 each, aggregating to Rs. 50 Crore, on a private placement basis. There is a green shoe option for an additional 2,500 NCDs worth Rs. 25 Crore, taking the total potential size to Rs. 75 Crore. The NCDs carry a coupon of 11.50% per annum, payable monthly, with a tenure of 66 months (allotment on July 21, 2025, maturity on January 21, 2031). The NCDs will be listed on BSE and are unsecured, with a 2% additional interest penalty in case of payment default.
The company is raising up to Rs. 75 Crore (including green shoe) through debt, which will strengthen its capital base to support lending operations. The 11.50% coupon reflects the borrowing cost for a subordinated unsecured instrument; the monthly interest payout may appeal to income-focused investors when the NCDs are listed on BSE.