Satin Creditcare Network has raised Rs 38.70 crore through Non-Convertible Debentures (NCDs). The Working Committee of the company has allocated 387 Rated, Secured, Listed, Senior, Taxable, Transferable, Non-Convertible Debentures of Rs 10,00,000 each aggregating to Rs 38.70 crore.
The company has allotted NCDs on October 26, 2018 and maturity date is October 26, 2021. The NCDs will carry coupon rate of 11.00% 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.