CreditAccess Grameen board approves bonds and debentures up to Rs 1500 crore
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The board approved issuing foreign currency bonds and non-convertible debentures via private placement, in one or more tranches. Aggregate cap is up to Rs 1,500 crore. Bonds may list on NSE IFSC or India INX; debentures may list on BSE or NSE. Tenure and coupon rates to be decided later.
Debt raise up to Rs 1,500 crore; no immediate equity dilution, but adds to leverage if fully utilised.