Satin Creditcare raises Rs 100 cr via bonds
"The working committee of Satin Creditcare Network Ltd vide their resolution dated August 24, 2020 has allotted debentures of Rs 100 crore on private placement basis," it said in a regulatory filing.
By PTI |
Agencies
NEW DELHI: Microfinance lender Satin Creditcare Network Ltd (SCNL) on Monday said it has raised Rs 100 crore by issuing bonds on a private placement basis.
"The working committee of Satin Creditcare Network Ltd vide their resolution dated August 24, 2020 has allotted debentures of Rs 100 crore on private placement basis," it said in a regulatory filing.
The non-convertible debentures (NCDs), with maturity on February 24, 2022, bear interest rate of 10.25 per cent per annum.
SCNL said the interest will be payable on a half-yearly basis, while the principal amount is to be returned as one-time payment on the date of maturity.
Stock of SCNL closed flat at Rs 79.35 apiece on BSE on Monday.
"The working committee of Satin Creditcare Network Ltd vide their resolution dated August 24, 2020 has allotted debentures of Rs 100 crore on private placement basis," it said in a regulatory filing.
The non-convertible debentures (NCDs), with maturity on February 24, 2022, bear interest rate of 10.25 per cent per annum.
SCNL said the interest will be payable on a half-yearly basis, while the principal amount is to be returned as one-time payment on the date of maturity.
Stock of SCNL closed flat at Rs 79.35 apiece on BSE on Monday.
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