Instrument Details

ISIN: INE836B07634

Face value

₹10,00,000

Coupon rate

11.77%

Payment

Semi Annually

Tax Type

Taxable

Issue Size (Cr)

75

Instrument Type

Debenture

Returns

High

Date of Issue

07 Mar 2022

Maturity Date

03 Jun 2026

Perpetual

Yes

Listing Status

Listed

Rating status

BBB+ (CARE Ratings)

Call Option

Not Available

Put Option

Not Available

Security with Collaterals

Secured

Asset Coverage

Principal + Interest

Seniority in Repayment

Senior

Guarantee Type

Non Convertible

About this Bond

SATIN CREDITCARE NETWORK LIMITED 11.7702 LOA 06MR26 FVRS10LAC
Satin Creditcare Network Limited, a Non-Banking Financial Company (NBFC) company, has floated Debenture, having ISIN value as INE836B07634, with a face value of ₹10,00,000 rs on 07Mar22 to raise 75 crores. The debt instrument is issued with a coupon rate of 11.77% 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 11.7702% SECURED RATED LISTED REDEEMABLE NON CONVERTIBLE DEBENTURE. LETTER OF ALLOTMENT. DATE OF MATURITY 06/03/2026.. This instrument is issued in Private Placement (EBP) mode. It has Simple coupon type with Partial Redemption By Face Value option. The Debenture is listed on BSE stock exchange on 09Mar22. CARE RATINGS LIMITED has given BBB+ rating to this Debenture on 07Mar22. 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)

Instrument Rating
BBB
Moderately Safe
BBB+
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Date Verified
15 Dec 2023
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Outlook
Stable
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Seniority in Repayment
Senior
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Security
Secured
Investment Calculation (Pre-Tax)

Below is an indicative cash-flow on investment, actual cash-flow may differ.

Face Value
₹10,00,000
Lot Size
100
Minimum Investment
₹10,00,00,000

Cashflow

₹10,00,00,000
07-Mar-22 : Your investment
₹58,85,000
07-Sep-22 : Interest
₹58,85,000
07-Mar-23 : Interest
₹58,85,000
07-Sep-23 : Interest
₹58,85,000
07-Mar-24 : Interest
₹58,85,000
07-Sep-24 : Interest
₹58,85,000
07-Mar-25 : Interest
₹58,85,000
07-Sep-25 : Interest
₹58,85,000
07-Mar-26 : Interest
₹6,21,194
03-Jun-26 : Interest
₹14,77,01,194
03-Jun-26 : Maturity amount (Investment: ₹10,00,00,000, Interest earned: ₹4,77,01,194)

Summary

Instrument Attributes

Value

Coupon Rate

11.77%

Returns

High

Bond Rating

BBB+

Seniority in Repayment

Senior

Instrument Category

Non Convertible

About the issuer

Basic Industry
BASIC INDUSTRY
Non-Banking Financial Company (NBFC)
Head Office
HEAD OFFICE
New Delhi
Sector name
SECTOR
Financial Services
Issuer ownership
ISSUER OWNERSHIP
Private Sector

FAQs about INE836B07634 issued by Satin Creditcare Network Limited

The instrument name of INE836B07634 ISIN is SATIN CREDITCARE NETWORK LIMITED 11.7702 LOA 06MR26 FVRS10LAC.
The interest earned from INE836B07634 bond issued by Satin Creditcare Network Limited is paid Semi Annually, ensuring regular and consistent income for investors.
This INE836B07634 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.
This Debenture offers a coupon rate of 11.77%, which determines the periodic interest payments made to bondholders.
The INE836B07634 Debenture is issued by Satin Creditcare Network Limited, a Private Sector company.