Satin Creditcare Network raises $20 million from BlueOrchard
Microfinance company Satin Creditcare Network on Wednesday raised $20 million from Zurich-based BlueOrchard Microfinance Fund in dollar-denominated bonds. The Swiss impact investment manager is a long term investor in Satin. The bonds were placed on a private placement basis. The bonds are raised at a secured overnight financing rate (SOFR)-linked coupon while the blended cost…