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Satin Creditcare Network raises $100 million through ECB

13 Mar 2025 Evaluate

Satin Creditcare Network has successfully raised its first syndicated social term loan of $100 million via External Commercial Borrowing (ECB) under the automatic route of the Reserve Bank of India (RBI). This facility was arranged solely by Standard Chartered Bank who also participated in funding from SCB Gift City branch. Other participating banks included six prominent Sri Lankan banks namely, Hatton National Bank, National Development Bank, Seylan Bank, Pan Asia Banking Corporation, Commercial Bank of Ceylon and DFCC Bank.

The Company has successfully secured total commitments of $100 million, which includes a greenshoe options of $25 million. The agreement was signed in February 2025, and the first tranche was disbursed on March 12, 2025.

Standard Chartered Bank acted as the Social Loan Coordinator for the transaction, helping the company put in place a Social Financing framework which carries a Second Party Opinion from Moody’s Ratings. The loan has been tied up for a 3 years and 3 months tenor and benchmarked to a 3-month Term SOFR (Secured Overnight Financing Rate).

This social funding is intended to expand access to financial services, promote economic participation, and drive development in India's underbanked regions. Additionally, it will enhance the company's Asset and Liability Management (ALM) position while reducing its cost of funds.

Satin Creditcare Network is one of the largest Microfinance Institutions (MFI) in Northern India, and is the 3rd largest MFI in the country.

Satin Creditcare Share Price

169.85 -4.90 (-2.80%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Power Finance Corp 472.85
REC 382.20
Indian Railway Fin. 103.00
NHIT 151.00
Satin Creditcare 169.85
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