Satin Creditcare issues Commercial Papers of Rs15cr

Payment of interest and payment of the principal amount on maturity is November 17, 2021.

Jul 22, 2021 04:07 IST India Infoline News Service

Satin Creditcare Limited informed the exchanges Wednesday that the company has issued Commercial Papers (‘CPs’) of Rs15cr on July 20, 2021.

The tenure of the unsecured instrument is 120 days and the coupon rate is 9.95% per annum. Payment on of interest and payment of the principal amount on maturity is November 17, 2021.

Satin Creditcare Network Ltd ended at Rs89.85 per piece down by Rs0.5 or 0.55% from its previous closing of Rs90.35 per piece on the BSE.
The scrip opened at Rs91.10 and has touched a high and low of Rs92.35 and Rs89.10 respectively, during intraday trade on Thursday. 

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