Satin Creditcare Secures $100 Million Social Loan

Satin Creditcare Network has secured a $100 million syndicated social loan from Standard Chartered Bank and six Sri Lankan lenders. This is the company's first syndicated transaction, reflecting strong governance and financial resilience. The loan, arranged under the RBI's automatic route, includes a $25 million greenshoe option and is benchmarked to the three-month Term SOFR. Funds will enhance financial services in underbanked regions, particularly for rural women and marginalized communities, while improving asset and liability management.

 

Source: Satin Creditcare Network, Economic Times