10.50% Satin Creditcare Network Limited - BBB Rated (INE836B07584)

Satin Creditcare Network Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE836B07584, with a face value of ₹5 rs on 16Dec20 to raise 48.75 crores. The debt instrument is issued with a coupon rate of 10.50% and its interest is paid Semi Annually. The returns are Taxable and one has to pay the applicable tax on the returns from this investment. As per the filings, the long description of this Secured Debenture is 10.50% SECURED RATED SENIOR UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 06/05/2024.. This instrument is issued in Private Placement mode. It has Simple coupon type with Partial Redemption By Face Value option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB+ rating to this Debenture on 16Dec20. This issuer is formerly known as SATIN LEASING AND FINANCE LTD. Neither the Principal nor the Interest is covered for this Debenture. Yes, this debt instrument is Perpetual In Nature.