Loan & Debt24 Jun 2026, 05:50 pm
CreditAccess Grameen Allots ₹325 Cr in NCD Issue
AI Summary
CreditAccess Grameen Ltd announced the allotment of 32,500 senior, secured, rated, listed, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹325 crore. The allotment was approved by the Executive, Borrowings & Investment Committee on June 24, 2026. These NCDs carry a fixed coupon rate of 9.25% per annum, payable quarterly, and have a maturity date of June 26, 2028. The debentures are secured and will be listed on the Wholesale Debt Market segment of BSE Limited. This private placement issuance aims to raise capital for the company's operations.
Key Highlights
- Allotted 32,500 NCDs worth ₹325 crore.
- Coupon rate fixed at 9.25% per annum, payable quarterly.
- Maturity date set for June 26, 2028.
- NCDs are senior, secured, rated, listed, and redeemable.
- Issued on a private placement basis.
Price Impact
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