Satin Creditcare Network has raised Rs 60 crore through debentures. The company has allotted 600 Rated Listed Secured Senior Redeemable Non Convertible Debenture (NCD) of Rs 10 lakh each. This NCD will be listed on BSE.
The company has allotted NCD on February 8, 2018 and maturity on February 8, 2021. The NCD will carry coupon rate of 11.95% per annum and is payable monthly.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.
