CreditAccess Grameen Allots ₹215 Cr Non-Convertible Debentures

CreditAccess Grameen Ltd announced the allotment of 21,500 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹215,00,00,000 (₹215 Crore). The NCDs carry a fixed coupon rate of 9.15% per annum, payable quarterly, and have a maturity date of September 30, 2028, with a tenure of 24 months from the allotment date of October 01, 2026. The issuance was approved by the Executive, Borrowings & Investment Committee of the Board of Directors. The debentures are secured by a first-ranking charge on certain book debts/receivables of the company and are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.