Satin Creditcare Network Limited has informed the Exchange regarding Outcome of Working Committee Meeting held on August 14, 2025 for issuance of 75 Crore Non- convertible Debentures
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Satin Creditcare Network's Working Committee has approved the terms for issuing subordinated, unsecured, rated, listed, taxable, redeemable, transferable NCDs of face value ₹1,00,000 each. The base issue size is ₹75 Crore (7,500 NCDs), with a green shoe option of an additional ₹45 Crore (4,500 NCDs), taking the total potential size up to ₹120 Crore. The NCDs will be issued on a private placement basis, carry an annual coupon of 11.50% payable yearly, and have a 7-year tenure from August 21, 2025 to August 21, 2032. The debentures are proposed to be listed on BSE and are unsecured. A default in interest or principal payment would attract an additional 2% per annum penalty over the coupon rate.
This is a debt-raising move that strengthens the NBFC's capital base for onward lending without diluting existing shareholders. The 11.50% coupon reflects a relatively high cost of borrowing, which could modestly pressure margins, but the subordinated debt can also count towards Tier-II capital, supporting business growth.