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10.40%Satin Creditcare Network Limited 30 Apr 2027

ISIN:
INE836B07857
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Taxable

Tax Category

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30 Apr, 2027

Maturity Date
(2 Yr 10 Mo 16 D to mature)

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Quarterly

Interest Payment Frequency

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No

NRI Eligibility

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02 May, 2024

Allotment Date

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NA

Put Date

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02 Aug, 2024

Next Interest Payment Date

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15 days

Shut Period

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Both

Active on NSDL/CDSL

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Non-Guaranteed

Type of Guarantee

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No

Perpetual

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Private Placement

Mode of Issue

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Listed

Listing Details

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Non Public Sector Undertaking

Type of Issuer

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₹NaN

Dirty Price

YOUR EARNING
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Your Investment

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Final Payout

₹0

Year
Payment Schedule(Date)
Interest Payout(₹)
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Credit Rating
Low SafetyHigh Safety
A / Stable
ICRA
Senior

Repayment Priority

Higher the level, higher the priority of investment repayment on default

Secured

Security with Collateral?

An investment secured with collateral helps

ISSUER
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Satin Creditcare Network Limited

Satin Creditcare was set up in 1990 to provide individual business loans to urban shopkeepers, started providing group lending services to the rural poor in 2008. It was registered with the RBI as a deposit-taking NBFC under the name, Satin Leasing and Finance Company Limited. Following its conversion into a public limited company in 1994, the company was renamed Satin Creditcare Network Ltd. In 2000. Company’s microfinance operations are based on the Grameen Bank joint liability group (JLG) model and were spread across 1,078 branches in the country as on March 31, 2023.

The ratio in FY23 is 5.46x and it was 7.38x in FY22, indicating decrease in debt levels, due to increase in Profits.

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Debt/EBITDA

The ratio in FY23 is 1.59x and it was 1.1x in FY22, indicating improvement in issuers debt service ability, due to increase in revenue and profits.

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Interest coverage ratio

Recent News
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Satin Creditcare Network shares up on rating upgrade

Mar 13, 2024 | Satin Creditcare Network Limited

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MediBuddy and Satin Creditcare Network Limited extend healthcare support to underserved communities of rural India

Mar 13, 2024 | Satin Creditcare Network Limited

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STEPS TO BUY THIS BOND
Complete KYCe-KYC approval in just 5 minutes!Place your OrderSwipe right to buy this Bond.Transfer funds to ICCLUse Net Banking or visit your nearest branch.SettlementSit back and relax, while we deliver your Security!
Information required for KYC
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How to exit the investment?
At MaturityThe Issuer will return your principal and redeem the bond
Sell your bond anytimeYou can sell your bond anytime you want by reaching out to your Relationship Manager.
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₹98.4422
Price
11.5000%
Yield
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