Satin Creditcare Network's Working Committee has approved terms for issuing up to 2,000 secured, rated, USD-denominated bonds through a private placement.

These bonds, each with a face value of USD 10,000, aggregate up to USD 20,000,000. They are proposed to be listed on NSE IFSC and/or India INX.

Maturing in 36 months, the bonds offer a coupon of 310 basis points plus 6-month Term SOFR, payable semi-annually.

This capital raise, secured by identified loan receivables, is a strategic step to bolster the company's financial position and operations.