CreditAccess Grameen allots 325 Crore NCDs at 9.25% coupon

Fund Raising View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

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₹1457.40

prior close

₹1465.00

announcement price

After-mkt

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Nifty Smallcap 250market-0.4%+0.4% vs market

Finance peers, median of 398sector · industry level-0.0%+0.0% vs sector

On the reaction day the stock moved 0.4 pts more than Nifty Smallcap 250 and in line with its Finance peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Next day

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UpDownMarket · Nifty Smallcap 250Sector · Finance peers, median of 398Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

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.