Loan & Debt3 Sept 2026, 06:10 pm
CreditAccess Grameen Secures ₹300 Cr via Bilateral NCD Issuance
AI Summary
CreditAccess Grameen Limited has successfully raised ₹300 crore through a private placement of non-convertible debentures (NCDs) with Barclays Bank PLC. The funds will support the company's growth in providing credit solutions to low-middle income households in rural and semi-urban India. The NCDs are senior, secured, rated, listed, and redeemable, issued in two tranches with tenures of 24 and 36 months, carrying fixed coupon rates of 9.15% and 9.25% respectively. The CFO highlighted this as an endorsement of the company's credit profile and a strategic move to strengthen its ALM profile.
Key Highlights
- Raised ₹300 crore through private placement of NCDs.
- NCDs issued bilaterally to Barclays Bank PLC.
- Funds to fuel growth of credit suite for rural households.
- NCDs feature bullet repayment and fixed annual coupons.
- Transaction strengthens company's ALM profile and debt market access.
Price Impact
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