Working Committee Meeting for issuance of Non-Convertible Debentures

Ncd High Yield 12pctFund Raising View source PDF Explain this filing

SATIN · price

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.4%-0.5% vs market

Finance peers, median of 401sector · industry level-0.6%-0.3% vs sector

On the reaction day the stock moved 0.5 pts less than Nifty Microcap 250 and 0.3 pts less than its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Satin Creditcare Network's Working Committee approved issuance of up to 8,446 listed, unsecured, subordinated NCDs worth INR 84.46 crore on private placement basis. Each debenture has a face value of INR 1 lakh with a 7-year tenure (May 2026 to May 2033). The coupon rate is 12.80% per annum, payable semi-annually. Redemption will be in two tranches: ~99.99% of principal in May 2031 and the balance on maturity in May 2033. The NCDs will be listed on BSE. Satin Creditcare is a microfinance-focused NBFC, and this debt raise is likely to support its lending operations.

Likely market impact

The 12.80% coupon is a high borrowing cost, reflecting either the company's credit risk profile or current market liquidity conditions. For shareholders, this issuance increases debt obligations but may support portfolio growth if asset quality holds.