Satin Creditcare Network Limited has informed the Exchange regarding Outcome of Working Committee Meeting held on January 05, 2026 for issuance of Non-convertible Debentures.
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Satin Creditcare Network's Working Committee approved the terms for issuing 1,00,000 senior, secured, listed, taxable, redeemable, transferable NCDs with a face value of ₹10,000 each, aggregating ₹100 crore. The issue also includes a green shoe option of up to ₹50 crore, taking the potential total size to ₹150 crore. The NCDs will carry a coupon of 10.15% per annum, payable monthly, and have a tenure of 30 months, with allotment on January 13, 2026 and maturity on July 13, 2028. The debentures are proposed to be listed on BSE and will be secured by a first-ranking exclusive charge over identified book debts and loan receivables, maintained at 1.05 times the outstanding amounts.
The company is raising up to ₹150 crore through NCDs to strengthen its funding base, which is typical for an NBFC. The 10.15% coupon reflects current borrowing costs for microfinance companies; this is a debt raise, not equity, so it does not dilute shareholders but does add to interest obligations.