CreditAccess Grameen raises USD 175M syndicated social loan
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CreditAccess Grameen has signed a USD 175 million syndicated social loan facility as an ECB under the RBI automatic route. Standard Chartered and DBS acted as Joint Mandated Lead Arrangers, with 10 financial institutions from Asia, Middle East and Africa participating. This is the company's 5th ECB syndication in 5 years, taking cumulative ECB mobilisation to USD 640 million. Foreign borrowings stand at about 24% of its liability profile, spread across 15 countries. In FY27, it also raised INR 940 crore through NCD private placements.
Diversifies funding base at competitive pricing, supports growth and ALM. Reflects strong international lender confidence in the franchise.