Funding Announcement
CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770) announced that it successfully raised INR 300 crore in September 2026 through a private placement of senior, secured, rated, listed non‑convertible debentures (NCDs). The issue was fully subscribed and bilaterally placed with Barclays Bank PLC, a qualified institutional buyer.
Issue Structure
The NCDs were issued in two tranches: the first tranche of INR 100 crore carries a 24‑month tenure with a fixed coupon of 9.15% per annum, while the second tranche of INR 200 crore carries a 36‑month tenure with a fixed coupon of 9.25% per annum. Coupons for both tranches are payable annually and the principal will be repaid as a bullet payment at the end of the respective tenures.
Management Commentary
Chief Financial Officer Nilesh Dalvi stated that the bilateral placement with a leading global financial institution endorses the company’s credit profile, asset quality and governance standards, and that the bullet‑repayment structure provides a longer effective funding benefit, strengthening the firm’s asset‑liability management profile.
Company Overview
CreditAccess Grameen Limited is an inclusive financing platform focused on low‑middle‑income households in rural and semi‑urban India, offering group loans, individual business loans, secured business loans, affordable housing loans and two‑wheeler financing. The company operates through 2,276 branches across 457 districts in 16 states and one union territory. Its promoter is CreditAccess India B.V., a multinational entity supported by global institutional investors.