Satin Creditcare Network Ltd. Approves Subordinated Debenture Issue
Satin Creditcare Network Ltd. announced that its Working Committee of the Board of Directors approved the terms and conditions for the issuance of up to 5,000 subordinated, unsecured, listed, rated, taxable, transferable, redeemable, non-convertible debentures on a private placement basis. The debentures will have a face value of INR 1,00,000 each, with an aggregate nominal value of INR 50,00,00,000, including a green shoe option of up to 2,500 debentures and an aggregate nominal value of INR 25,00,00,000.The meeting of the Working Committee commenced on March 20, 2026, at 12:20 P.M. and concluded at 12:50 P.M.
The debentures will carry a coupon rate of 12% per annum, payable monthly. The deemed date of allotment is March 30, 2026, and the final redemption date is September 30, 2031.
The Subordinated Debentures are proposed to be listed on BSE Limited. The debentures are unsecured.
A table detailing the terms of the proposed issue is presented below:
| Type of securities proposed to be issued | Subordinated, unsecured, rated, listed, taxable, redeemable, transferable, non-convertible debentures |
|---|---|
| Type of issuance | Private placement basis |
| Total number of securities proposed | 5,000, with a green shoe option of up to 2,500 |
| Total amount proposed | Up to INR 50,00,00,000 including a green shoe option of up to INR 25,00,00,000 |
| Stock exchange listing | BSE Limited |
| Tenure of Instrument | 66 months from the Deemed Date of Allotment |
| Coupon/interest | 12% per annum, payable monthly |
| Charge/security created | None, the debentures are unsecured |
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