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13.14% Satin Creditcare Network Limited - BBB Rated (INE836B08210)
ActivePrivate SectorUnsecured
Instrument Details
ISIN: INE836B08210
Face value
₹50,000
Coupon rate
13.14%
Payment
Semi Annually
Tax Type
Taxable
Issue Size (Cr)
50.05
Instrument Type
Debenture
Returns
High
Date of Issue
24 Mar 2020
Maturity Date
24 Apr 2027
Perpetual
Yes
Listing Status
Unlisted
Rating status
BBB+ (CARE Ratings)
Call Option
Not Available
Put Option
Not Available
Security with Collaterals
Unsecured
Asset Coverage
-
Seniority in Repayment
Subordinate Tier 2
Guarantee Type
Non Convertible
About this Bond
SATIN CREDITCARE NETWORK LIMITED 13.14 NCD 24AP27 FVRS50000
Satin Creditcare Network Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture,
having ISIN value as INE836B08210, with a face value of ₹50,000 rs on 24Mar20 to raise 50.05 crores. The debt instrument
is issued with a coupon rate of 13.14% 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 13.14% UNSECURED UNLISTED RATED REDEEMABLE NON CONVERTIBLE DEBENTURES. DATE OF MATURITY 24/04/2027. 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 24Mar20. 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.
Rating (Debt Quality)
Investment Calculation (Pre-Tax)
Below is an indicative cash-flow on investment, actual cash-flow may differ.
Face Value
₹50,000
Lot Size
100
Minimum Investment
₹50,00,000
Cashflow
₹50,00,000
24-Mar-20 : Your investment
₹3,28,500
24-Sep-20 : Interest
₹3,28,500
24-Mar-21 : Interest
₹3,28,500
24-Sep-21 : Interest
₹3,28,500
24-Mar-22 : Interest
₹3,28,500
24-Sep-22 : Interest
₹3,28,500
24-Mar-23 : Interest
₹3,28,500
24-Sep-23 : Interest
₹3,28,500
24-Mar-24 : Interest
₹3,28,500
24-Sep-24 : Interest
₹3,28,500
24-Mar-25 : Interest
₹3,28,500
24-Sep-25 : Interest
₹3,28,500
24-Mar-26 : Interest
₹3,28,500
24-Sep-26 : Interest
₹3,28,500
24-Mar-27 : Interest
₹95,99,000
24-Apr-27 : Maturity amount (Investment: ₹50,00,000, Interest earned: ₹45,99,000)
Summary
Instrument Attributes
Value
Coupon Rate
13.14%
Returns
High
Bond Rating
BBB+
Seniority in Repayment
Subordinate Tier 2
Instrument Category
Non Convertible
Similar Bonds
About the issuer
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
HEAD OFFICE
New Delhi
SECTOR
Financial Services
ISSUER OWNERSHIP
Private Sector
Other Bonds of Satin Creditcare Network Limited
FAQs about INE836B08210 issued by Satin Creditcare Network Limited
What is the instrument name of INE836B08210 ISIN?
The instrument name of INE836B08210 ISIN is SATIN CREDITCARE NETWORK LIMITED 13.14 NCD 24AP27 FVRS50000.
How frequently is the interest paid on INE836B08210 bond issued by Satin Creditcare Network Limited?
The interest earned from INE836B08210 bond issued by Satin Creditcare Network Limited is paid Semi Annually, ensuring regular and consistent income for investors.
What is the credit rating of the INE836B08210 bond issued by Satin Creditcare Network Limited?
This INE836B08210 bond issued by Satin Creditcare Network Limited has been assigned a credit rating of BBB+ by CARE RATINGS LIMITED, directly indicating the issuer's creditworthiness and the probability of default.
What is the coupon rate of INE836B08210 bond issued by Satin Creditcare Network Limited?
This Debenture offers a coupon rate of 13.14%, which determines the periodic interest payments made to bondholders.
Who is the issuer of INE836B08210 Debenture?
The INE836B08210 Debenture is issued by Satin Creditcare Network Limited, a Private Sector company.
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Dezerv Investments Private Limited is a Portfolio Manager with SEBI Registration no. INP000007377 and an Investment Manager to Category - I AIF-VCF-Angel Fund with SEBI Registration no. IN/AIF1/22-23/1066.
Mutual Fund distribution services are offered through Dezerv Distribution Services Pvt Limited, a wholly owned subsidiary with AMFI Registration No.: ARN -248439. **Mutual fund investments are subject to market risks, read all scheme related documents carefully.** Terms and conditions of the website are applicable. Privacy policy of the website is applicable.
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