Satin Creditcare Network Ltd
Working Committee meeting for approval of issuance of up to 2,000 (Two
Thousand) secured, rated, listed, redeemable, United States Dollar denominated bonds of face value of
USD 10,000 ....
FUNDRAISE
▲ Positive Development
MEDIUM RISK
📅 Filed on BSE: 06 May 2026, 08:23 PM IST · BSE ID: 14aa30c4-5e62-4ed8-81ed-e93dc85770a3
View Original BSE Filing (PDF)
💡
In Simple Terms
The company will issue up to USD 20,000,000 in bonds to raise funds, with the bonds maturing in three years.
🤖 AI Summary
- Working Committee approved terms for up to 2,000 secured, USD denominated bonds.
- Fundraise aggregates up to USD 20,000,000 via private placement.
- Each bond has a face value of USD 10,000 and a 36-month tenure, maturing May 28, 2029.
- Coupon/interest offered: 310 basis points plus 6-month Term SOFR, payable semi-annually.
- Bonds will be listed on NSE IFSC Limited and/or India International Exchange (IFSC) Limited.
🔢 Key Numbers — exact figures from BSE filing, not rounded
Total Amount for Issue
up to USD 20,000,000
Number of Bonds
up to 2,000
Face Value per Bond
USD 10,000
Tenure of Instrument
36 months
🏢 How This Affects the Company
This fundraise of up to USD 20,000,000 will increase the company's debt on the balance sheet. The semi-annual interest payments will constitute a recurring financial outflow over the 36-month tenure.
The bonds are secured by a first ranking exclusive and continuing charge over certain identified book debts/loan receivables, with a security cover of up to 1.05x the outstanding principal amounts.
👥 What This Means For Shareholders
✅
Action Required
No action required by shareholders regarding this specific bond issuance.
👤
Who Is Affected
Existing shareholders are indirectly affected as the company's balance sheet will see an increase in debt, and new capital becomes available for business activities.
🔍
Management Signal
Management is actively pursuing diversified funding sources, including international markets, to support the company's financial requirements and growth strategy.
For information only. Not investment advice. ForgeUp is not SEBI-registered.
👁 Watch List — track these upcoming events
Allotment of bonds on May 27, 2026 — confirmation of fund receipt.
Listing confirmation on NSE IFSC and/or India INX after allotment.
Upcoming quarterly results — observe how funds are deployed and impact on financial metrics.
MEDIUM RISK
Introduction of foreign currency denominated debt and associated exchange rate fluctuation risks.
💡 Investor Takeaway
Satin Creditcare Network's Working Committee approved the issuance of up to 2,000 secured, USD denominated bonds, aggregating up to USD 20,000,000, with a 36-month tenure and semi-annual interest payments. These bonds will be listed on NSE IFSC and/or India INX.
⚖️ Strengths & Concerns
✅ Positives
- Fundraise of up to USD 20,000,000 provides additional capital for the company's operations and growth initiatives.
- The bonds are secured by identified book debts/loan receivables with a security cover of 1.05x, reducing investor risk.
⚠️ Concerns
- The issuance of secured bonds increases the company's overall debt burden, potentially impacting its debt-to-equity ratios.
- Exposure to United States Dollar denominated debt introduces foreign currency fluctuation risk on principal and interest payments.
📅 Company Track Record
Satin Creditcare Network has been actively raising funds through NCDs. In March 2026, it allotted INR 25 Crore of subordinated NCDs at 12% coupon, maturing September 2031, following a Board approval for INR 50 Crore NCD fundraise in April 2026.
Based on publicly available historical data. For context only.