11.50% Satin Creditcare Network Limited - BBB Rated (INE836B08236)

Satin Creditcare Network Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE836B08236, with a face value of ₹10,00,000 rs on 28Feb22 to raise 57 crores. The debt instrument is issued with a coupon rate of 11.50% 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 Unsecured Debenture is 11.50% UNSECURED RATED UNLISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 28/02/2028.. This instrument is issued in Private Placement (non-EBP) mode. It has Simple coupon type with Full Redemption option. The Bond is Not listed on any stock exchange. CARE RATINGS LIMITED has given BBB+ rating to this Debenture on 28Feb22. 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.