Satin Finserv Limited

Satin Finserv Limited is an Indian company in the BFSI industry with 17 outstanding bonds (ISINs) recorded on this page. It is also the originator behind 2 outstanding pass-through certificates (PTCs) in 2 securitisation trusts: Horizon 2025 and Leonard 03 2024. Stated coupons on its fixed-rate bonds range from 10.25% to 11.75% a year. Maturity dates run from 10 Mar 2027 to 12 Jan 2029. NSDL records all 17 whose terms it holds as secured. Latest credit rating on record: ICRA A- (Stable) (action dated 15 Oct 2026). Verify current terms against the official documents linked on this page.

Data as of 14 Nov 2026 (snapshot 20261114-2051) · How this page is compiled

Issuer overview

Outstanding pass-through certificates (ISINs)
2
Pass-through schemes
Horizon 2025 and Leonard 03 2024
Legal name
Satin Finserv Limited
CIN
U65999HR2018PLC099128
LEI
33580055SNM1IGFA3940
Industry
BFSI
Business
Non-Banking Financial Company (NBFC)
Ownership
Non PSU
ISIN issuer codes
INE03K3, INE0V56, INE21AP
Outstanding bonds (ISINs)
17 (plus 4 matured)
Stated coupons (fixed rate)
10.25% – 11.75%
Maturity dates
10 Mar 2027 – 12 Jan 2029
Secured (NSDL)
17 of 17
Combined issue size of outstanding bonds
₹1,000 crore
Traded on
BSE

Issue size is the amount each bond raised when it was issued, as recorded by NSDL. It is not the amount still outstanding today (bonds can be partly redeemed or bought back) and not the company's total debt.

Satin Finserv bonds: ISIN, coupon and maturity

17 outstanding bonds, by maturity date.

ISIN Type Coupon Interest paid Allotted Maturity Face value Issue size (₹ cr) Security Guarantee Traded on Rating (NSDL)
INE03K307066 NCD 10.95% Yearly 10 Sep 2025 10 Mar 2027 ₹1,00,000 30.00 Secured None recorded — ICRA A- 15 Oct 2026
INE03K307082 NCD 10.95% Yearly 30 Dec 2025 30 Jun 2027 ₹1,00,000 50.00 Secured None recorded — ICRA A- 15 Oct 2026
INE03K307090 NCD 10.85% Yearly 7 Jan 2026 7 Jul 2027 ₹1,00,000 40.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307074 NCD 10.95% Yearly 29 Sep 2025 29 Sep 2027 ₹75,000 30.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307157 NCD 11.75% At maturity 28 Apr 2026 28 Oct 2027 ₹10,000 30.00 Secured None recorded — ICRA A- 15 Oct 2026
INE03K307108 NCD 10.75% Yearly 6 Feb 2026 6 Feb 2028 ₹10,000 50.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307116 NCD 10.75% Yearly 26 Feb 2026 26 Feb 2028 ₹10,000 40.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307124 NCD 10.75% Yearly 10 Mar 2026 10 Mar 2028 ₹10,000 50.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307132 NCD 10.25% Yearly 20 Mar 2026 20 Mar 2028 ₹10,000 70.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307140 NCD 10.5% Yearly 27 Mar 2026 27 Mar 2028 ₹1,00,000 25.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307173 NCD 10.9% — 23 Jul 2026 26 Apr 2028 ₹10,000 75.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307207 NCD 11.75% At maturity 19 Aug 2026 19 May 2028 ₹10,000 50.00 Secured None recorded — ICRA A- 15 Oct 2026
INE03K307165 NCD 10.75% Yearly 10 Jun 2026 10 Jun 2028 ₹10,000 50.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307181 NCD 10.95% Yearly 29 Jul 2026 29 Jun 2028 ₹1,00,000 85.00 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307199 NCD 10.35% Yearly 11 Aug 2026 11 Aug 2028 ₹10,000 125 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307215 NCD 10.8% Quarterly 27 Aug 2026 27 Nov 2028 ₹1,00,000 100 Secured None recorded BSE ICRA A- 15 Oct 2026
INE03K307223 NCD 10.5% Yearly 12 Oct 2026 12 Jan 2029 ₹10,000 100 Secured None recorded BSE ICRA A- 15 Oct 2026
Notes on this table
  • Outstanding means the maturity date has not passed, according to the depository record. It does not confirm that a bond has not been redeemed early, called or bought back.
  • Type, coupon, interest frequency, allotment date, issue size, security and guarantee are as recorded by NSDL India Bond Info, the depository's record of each ISIN. Search an ISIN on NSDL India Bond Info to see its full record.
  • "Secured" and "Guarantee" are NSDL's classification. What the security is, the asset cover and the terms of any guarantee or co-obligor are in the offer document and the debenture trust deed; this page does not infer them.
  • Prices and yields are not shown. They change with every trade: see BSE and NSE.
  • Terms used in this table: ISIN · Coupon rate · Yield to maturity (YTM) · Secured NCD · Unsecured NCD · Credit rating.

Satin Finserv pass-through certificates (PTCs): schemes, ISINs and maturity

2 outstanding PTCs in 2 schemes · by scheme, then maturity

Scheme ISIN Series Coupon Maturity Interest Trustee Traded on Rating (NSDL)
Horizon 2025 INE21AP15013 Series A1 11.95% 24 Sep 2028 As per payout schedule Mitcon Credentia Trusteeship Services Limited Not traded —
Leonard 03 2024 INE0V5615010 Series A1 12% 17 Jul 2027 As per payout schedule Catalyst Trusteeship Limited Not traded —
Notes on this table

Each scheme is a securitisation trust with its own ISIN issuer code. PTCs usually repay part of the principal every month as the pool pays down, so the amount outstanding is lower than the amount issued. Coupons are as recorded by CDSL, NSDL or the exchanges; for an equity or junior tranche there may be no fixed coupon. Ratings of PTCs carry the suffix "(SO)". Series, trustee and originator are from CDSL's list of securitised debt instruments where it has the ISIN; schemes held at NSDL are listed when they trade or are placed on BSE.

Satin Finserv credit rating

Latest rating by agency on the outstanding bonds (NSDL India Bond Info)
Agency Rating Outlook Latest action Action date Bonds Status
ICRA A- Stable Reaffirm 15 Oct 2026 17 Verified by NSDL · Checked 7 Nov 2026
Rating history
Date Agency Rating Outlook Action
15 Oct 2026 ICRA A- Stable Reaffirm
6 Aug 2026 ICRA A- Stable Reaffirm
23 Jun 2026 ICRA A- Stable Reaffirm
5 Mar 2026 ICRA A- Stable Reaffirm
26 Dec 2025 ICRA A- Stable Reaffirm
25 Sep 2025 ICRA A- Stable New
28 Aug 2024 ICRA A- Stable New

Rating actions on the issuer's bonds as recorded by NSDL, newest first. Earlier lines are history, not the current rating.

A credit rating is the agency's opinion and can change at any time. Check the agency's website for the latest action: ICRA

Private placements and disclosure documents

Allotted ISIN Redemption Disclosure documents
12 Oct 2026 INE03K307223 12 Jan 2029 Placement memorandum on BSE
27 Aug 2026 INE03K307215 27 Nov 2028 Placement memorandum on BSE
19 Aug 2026 INE03K307207 19 May 2028 Placement memorandum on BSE
11 Aug 2026 INE03K307199 11 Aug 2028 Placement memorandum on BSE
29 Jul 2026 INE03K307181 29 Jun 2028 Placement memorandum on BSE
23 Jul 2026 INE03K307173 26 Apr 2028 Placement memorandum on BSE
29 Jun 2026 INE03K307132 20 Mar 2028 Placement memorandum on BSE
18 Jun 2026 INE03K307157 28 Oct 2027 Placement memorandum on BSE
10 Jun 2026 INE03K307165 10 Jun 2028 Placement memorandum on BSE
27 Mar 2026 INE03K307140 27 Mar 2028 Placement memorandum on BSE
20 Mar 2026 INE03K307132 20 Mar 2028 Placement memorandum on BSE
10 Mar 2026 INE03K307124 10 Mar 2028 Placement memorandum on BSE
26 Feb 2026 INE03K307116 26 Feb 2028 Placement memorandum on BSE
6 Feb 2026 INE03K307108 6 Feb 2028 Placement memorandum on BSE
7 Jan 2026 INE03K307090 7 Jul 2027 Placement memorandum on BSE
30 Dec 2025 INE03K307082 30 Jun 2027 Placement memorandum on BSE
29 Sep 2025 INE03K307074 29 Sep 2027 Placement memorandum on BSE
10 Sep 2025 INE03K307066 10 Mar 2027 Placement memorandum on BSE
20 Sep 2024 INE03K307058 20 Sep 2026 Placement memorandum on BSE
30 Aug 2024 INE03K307041 30 Aug 2026 Placement memorandum on BSE
28 Jun 2024 INE03K307033 28 Jun 2026 Placement memorandum on BSE
4 Mar 2024 INE03K307025 4 Sep 2025 Placement memorandum on BSE

From BSE's list of privately placed debt. The documents are the issuer's own; the offer document and debenture trust deed are the authoritative source for each bond's terms.

Satin Finserv bonds: questions and answers

What bonds has Satin Finserv Limited issued?

Satin Finserv Limited has 17 outstanding bonds recorded on this page. By type, as described by NSDL: 17 NCDs. 4 further ISINs on record have passed their maturity dates and are not counted as outstanding.

What are the ISINs of Satin Finserv Limited bonds?

Its 17 outstanding bonds each have their own ISIN, for example INE03K307066, INE03K307082, INE03K307090. All are listed in the bond table on this page. ISINs of this issuer begin with its issuer code, INE03K3 / INE0V56 / INE21AP.

What coupon rates do Satin Finserv Limited bonds pay?

Stated coupons on its fixed-rate outstanding bonds range from 10.25% to 11.75% a year on face value. The bond table gives the coupon and interest frequency of each ISIN. The coupon is not the yield: the yield an investor earns depends on the price paid.

When do Satin Finserv Limited bonds mature?

Its outstanding bonds have maturity dates from 10 Mar 2027 to 12 Jan 2029. The bond table lists the maturity date of each ISIN.

What is the latest ICRA credit rating of Satin Finserv Limited bonds?

NSDL India Bond Info records ICRA A- (Stable) (action dated 15 Oct 2026) on its outstanding bonds. Checked on NSDL on 7 Nov 2026. A rating is the agency's opinion and can change at any time.

Are Satin Finserv Limited bonds secured, unsecured or guaranteed?

NSDL records all 17 outstanding bonds whose terms it holds as secured. None is recorded as guaranteed. What the security is, the asset cover and the terms of any guarantee or co-obligor are set out in the offer document and the debenture trust deed; this page does not infer them.

Where can investors find the original disclosure documents for Satin Finserv Limited bonds?

Each ISIN's record, including its terms and rating history, is on NSDL India Bond Info (search the ISIN). The offer document (shelf prospectus, tranche prospectus or general information document and key information document) and the debenture trust deed set out the full terms; listed issuers publish them on BSE or NSE. For the private placements listed on this page, each row links to the disclosure documents on BSE.

How can investors check the current market price or yield of Satin Finserv Limited bonds?

This page does not show prices or yields. Trades in these bonds are reported on BSE, which publish the price and yield of each trade, usually by the end of the trading day. Many corporate bonds trade rarely, so a recent price may not exist; an old trade is not a current price.

Which pass-through schemes are listed under Satin Finserv Limited?

Satin Finserv Limited has 2 schemes with outstanding pass-through certificates on this page: Horizon 2025 and Leonard 03 2024, with 2 outstanding PTC ISINs in all.

What is a pass-through certificate (PTC)?

A pass-through certificate is a debt security issued by a securitisation trust. A lender sells a pool of loans or receivables to the trust, and the trust passes the repayments it collects to the certificate holders. Payments depend on how the pool performs and on any credit enhancement, not on the general funds of the lender. Ratings of PTCs carry the suffix "(SO)", structured obligation.

Sources and dates

Data as of 14 Nov 2026 (snapshot 20261114-2051). Facts on this page last changed on 6 Nov 2026. Rating dates above are the agencies' action dates, which can be much older than the data date. This page is for information only. It is not investment advice, a credit rating or a recommendation to buy, sell or hold any security. Facts are taken from the issuer's own documents and the sources linked on this page; check them with the source before investing.

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Bond Interpretation is an information resource on Indian corporate bond issuers, published by Newsinterpretation. It covers the companies behind corporate bonds and non-convertible debentures (NCDs): their outstanding bonds with ISIN-level terms, credit ratings as recorded by the depository, private placements and public NCD issues. It brings together depository (NSDL India Bond Info), exchange (BSE and NSE) and company records, and shows the source and date of each fact. The pages are compiled automatically from those records. Bond Interpretation publishes no credit ratings, opinions or recommendations to buy, sell or hold of its own.

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