Announced Wed, 24 Jun · 17:49 IST
CreditAccess Grameen allots 325 Crore NCDs at 9.25% coupon
Fund Raising View source PDF
CREDITACC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-2.0%1-day move
₹1457.40
prior close
₹1465.00
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+0.4-0.0+0.7+0.3-2.0+2.3+3.1+5.9+6.9+7.9+1.5+9.7——
Up moveDown movePending
AI summary
CreditAccess Grameen has allotted 32,500 senior secured listed NCDs worth 325 Crore on a private placement basis, with face value of 1 Lakh each. The coupon is 9.25% per annum, paid quarterly, with a tenure of 24 months maturing on June 26, 2028. The NCDs are proposed to be listed on the BSE Wholesale Debt Market segment and are secured by book debts at 1.10 times cover. Total issue size including a green shoe option is up to 400 Crore.
Likely market impact
Raises 325 Crore for lending growth at a 9.25% cost. Adds to debt, may pressure margins slightly, but is a routine borrowing move for an MFI.