Satin Creditcare Network to raise $5 million in bonds with 11.32% all-inclusive cost

Satin Creditcare Network plans to raise $5 million through bonds at an all-inclusive cost of 11.32%. The bonds, maturing in 36 months, will be issued on September 25 with a coupon rate of 7.9% linked to SOFR. Interest is payable semi-annually. Last week, the company raised Rs 120 crore in a securitization deal with HSBC India.
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