Alpha Tribe

Satin Creditcare Network LimitedImportant, 06-05-2026: Committee Meeting Updates

06-05-2026 · 08:28 pm

Satin Creditcare Network's Working Committee has approved terms for issuing up to 2,000 secured, rated, USD-denominated bonds through a private placement. These bonds, each with a face value of USD 10,000, aggregate up to USD 20,000,000. They are proposed to be listed on NSE IFSC and/or India INX. Maturing in 36 months, the bonds offer a coupon of 310 basis points plus 6-month Term SOFR, payable semi-annually. This capital raise, secured by identified loan receivables, is a strategic step to bolster the company's financial position and operations.

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