Security Name: 11.50% Satin Creditcare Network Limited 24 Jan 2031
ISIN:
INE836B08293
Taxable
Tax Category
24 Jan, 2031
Maturity Date
(5 Yr 5 Mo 25 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
24 Jul, 2025
Allotment Date
NA
Put Date
24 Aug, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
11.5%
Coupon
Fixed Interest
Coupon Basis
11.6456%
Current Yield
09 Aug, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
Satin Creditcare Network Limited
Satin Creditcare was set up in 1990 to provide individual business loans to urban shopkeepers, and 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 FY25 is 6.19x and it was 4.84x in FY24, indicating increase in the debt level due to increase in the borrowings of the issuer in FY25.
Debt/EBITDA
The ratio in FY25 is 1.25x and it was 1.68x in FY23, indicating decrease in the debt servicing ability of the issuer due to the elevated credit costs and provisions directly impacted the company's profitability, leading to a substantial decrease in net profit for FY25.
Interest coverage ratio
Recent News
MediBuddy and Satin Creditcare Network Limited extend healthcare support to underserved communities of rural India
Mar 13, 2024 | Satin Creditcare Network Limited
Satin Creditcare Q2 Results: Profit slumps 60% to Rs 42 crore
Nov 08, 2024 | Satin Creditcare Network Limited
Satin Creditcare Network Raises $100 Million Social Loan via ECB
Jul 01, 2025 | Satin Creditcare Network Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
Yield (YTM)
Principal Amount
Accrued Interest from
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE836B08293 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 11.50% Satin Creditcare Network Limited 24 Jan 2031 |
| Credit Rating |
|---|
| A / Stable by ICRA |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,00,000 |
| Coupon |
|---|
| 11.500000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 24/01/2031 |
| Security |
|---|
| Unsecured Subordinated Tier 2 |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Jul 31,2025 |
| Principal Amount |
|---|
| ₹98,750 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹98,750 |
| Price |
|---|
| ₹98.75 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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