CreditAccess Grameen Secures $175 Million Syndicated Social Loan
CreditAccess Grameen Limited has successfully secured a USD 175 million syndicated social loan facility, classified as External Commercial Borrowing (ECB) under RBI's automatic route. Standard Chartered Bank and DBS Bank served as Joint Mandated Lead Arrangers and Bookrunners. The syndication saw strong participation from ten financial institutions across Asia, the Middle East, and Africa, despite global economic uncertainties. This marks CA Grameen's fifth ECB syndication in five years, raising a total of USD 640 million to date. The company aims to diversify its liability profile, with foreign borrowings currently comprising 24% of its total liabilities, and has also raised INR 940 crore through NCDs in FY27. This facility underscores international lenders' confidence in CA Grameen's business model and corporate governance.
Key Highlights
- Secured USD 175 million syndicated social loan facility.
- Received strong participation from ten international financial institutions.
- Total ECB raised to USD 640 million over the past five years.
- Foreign borrowings constitute 24% of the company's liability profile.
- Demonstrates continued international lender confidence in CA Grameen.
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