Satin Creditcare Network Limited — Board Meeting, 01-07-2025: Outcome of Board Meeting

Satin Creditcare Network has announced a board meeting approving the issuance of senior, secured, rated, listed, redeemable non-convertible debentures (NCDs) worth INR 44.10 Cr via private placement. These NCDs carry a 10.75% annual coupon, payable semi-annually, with a 5-year tenor maturing in July 2030. The debentures will be secured by first-ranking charges on identified loan receivables, providing full security cover. Redemption will occur in two installments starting July 2028. This move enhances Satin’s debt profile and supports its growth plans with relatively attractive borrowing costs.