Satin Creditcare Network Ltd

💰 Satin Creditcare Approves INR 100 Cr NCD Issue – Green Shoe Option Takes It to INR 150 Cr

- Approval for 1,00,000 NCDs at INR 10,000 face value each, totaling INR 100 crore.

- Green shoe option allows an additional 50,000 NCDs (INR 50 crore), potentially reaching INR 150 crore.

- NCDs to be issued via private placement, with proposed listing on BSE.

- 30-month tenure: Deemed Allotment Date Jan 13, 2026; Maturity July 13, 2028.

- 10.15% annual coupon rate, paid monthly.

- Secured by first-ranking charge over certain book debts/loan receivables (1.05x security cover).

- Default penalty: Additional 2% interest until cure.