Satin Creditcare Network has raised Rs 30 crore through debentures. The Working Committee of the company has allocated 300 Rated, Secured, Unlisted, Senior, Taxable, Transferable, Non-Convertible Debentures (NCDs) of Rs 10 lakh each aggregating to Rs 30 crore.
The company has allotted NCDs on August 29, 2018 and maturity date is August 25, 2021. The NCDs will carry coupon rate of 10.60% XIRR per annum.
Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.
