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Published on 3/24/2020 in the Prospect News Emerging Markets Daily.

New Issue: India’s Satin Creditcare to place Rs. 500.5 million debentures due 2027

By Wendy Van Sickle

Columbus, Ohio, March 24 – Satin Creditcare Network Ltd. said the working committee of its board of directors met on Tuesday and approved Rs. 500.5 million of 13.14% nonconvertible debentures due April 24, 2027, according to a notice filed with the Bombay Stock Exchange.

The debentures will be issued by way of a private placement.

Satin is a New Delhi-based non-banking finance company.

Issuer:Satin Creditcare Network Ltd.
Issue:Nonconvertible debentures
Amount:Rs. 500.5 million
Maturity date:April 24, 2027
Coupon:13.14%
Distribution:Private placement

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