Satin Creditcare Network has successfully closed its first Pass-Through Certificate (PTC) transaction with HSBC India, valued at INR 119 Cr with a 9.30% coupon rate. This transaction aligns with SCNL’s strategy to expand its funding base and enhance financial inclusion. The Series A1 PTCs were issued on August 30, 2024, with a maturity date of August 12, 2026. The deal involves a par structure where 87.5% of the pool principal is issued, with the remaining 12.5% acting as overcollateralization, and is rated Provisional CRISIL AA+
PE ratio of the stock is still trading around ~5. Any reason for such a low PE ratio to the company ? Is there potential for rerating in next 2-3 years
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