Announced Wed, 24 Jun · 18:07 IST
CreditAccess Grameen allots INR 325 crore NCDs via private placement
Fund Raising View source PDF
CREDITACC · price
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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
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+0.4-0.0+0.7+0.3-2.0+2.3+3.1+5.9+6.9+7.9+1.5+9.7——
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AI summary
CreditAccess Grameen has allotted 32,500 senior secured NCDs worth INR 325 crore on private placement basis. Each NCD has face value of INR 1 lakh. Tenure is 24 months and 2 days (June 2026 to June 2028) with a 9.25 percent annual coupon, payable quarterly. Listed on BSE wholesale debt segment. Secured by first charge on book debts at 1.10x cover. Part of a larger issue of up to INR 400 crore including a greenshoe option.
Likely market impact
Raises INR 325 crore debt for lending growth; modestly increases leverage. 9.25 percent coupon is standard for a microfinance NBFC in current rates.