CREDITACCESS GRAMEEN LIMITED has informed the Exchange regarding allotment of 4000 securities pursuant to Non Convertible Securities at its meeting held on March 18, 2026
CREDITACC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
CreditAccess Grameen has completed the issuance and allotment of 4,000 secured, rated, listed USD-denominated Non-Convertible Bonds, each with a face value of USD 10,000, aggregating to USD 40 million. The bonds carry a 60-month (5-year) tenure with a coupon of Term SOFR + 240 basis points, paid half-yearly. The instrument is secured by an exclusive first-ranking charge on the company's loan receivables and book debts, and will be listed on NSE IFSC Limited. This is a continuation of the company's December 10, 2025 intimation regarding the bond issuance.
The company has raised USD 40 million (roughly ₹340+ crore) via offshore bonds at a competitive floating rate, diversifying its borrowing mix and adding foreign currency funding to support lending operations. For shareholders, this expands the company's debt stack at moderate cost and is positive for growth funding, though it adds to overall leverage.