CreditAccess Grameen Private Placement of Non‑Convertible Debentures

In June 2026, CreditAccess Grameen Limited (NSE: CREDITACC, BSE: 541770), described as India’s leading rural‑focused inclusive financing platform, successfully raised a total of INR 425 crore through a private placement of senior, secured, rated, listed and redeemable non‑convertible debentures (NCDs).

The fundraising was executed in two distinct transactions:

  • INR 325 crore tranche: Arranged by Nuvama Fixed Income Advisory, this tranche was initially launched with a base size of INR 200 crore and subsequently expanded by an additional INR 125 crore via the exercise of a green‑shoe option, reflecting strong investor demand. The subscription was secured from:
  • Sundaram Finance Limited – INR 100 crore
  • Nuvama Wealth Finance Limited – INR 100 crore
  • Julius Bäer Capital (India) Private Limited – INR 75 crore
  • Royal Sundaram General Insurance Company Limited – INR 25 crore
  • Vivriti Fixed Income Fund – INR 25 crore
  • INR 100 crore tranche: Bilaterally placed with Bajaj Finance Limited.

Both tranches carry a tenure of two years. The INR 325 crore tranche bears a fixed coupon rate of 9.25% per annum, payable quarterly, whereas the INR 100 crore tranche issued to Bajaj Finance bears a floating coupon rate of 9.15% per annum, payable monthly.

Management Commentary

Chief Financial Officer Mr. Nilesh Dalvi stated that building a diversified and cost‑efficient funding franchise is a strategic priority for the company. He emphasized that each transaction, whether a syndicated external commercial borrowing or a domestic NCD issuance, underscores the conviction that a resilient NBFC should be supported by multiple, independent sources of funds. Dalvi highlighted the confidence domestic institutional investors have in the company’s credit profile and indicated that the firm will continue to build on this momentum as it progresses toward its 2028 funding architecture.

Company Profile

CreditAccess Grameen operates across 451 districts in 16 Indian states—Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, West Bengal—and the union territory of Puducherry, through a network of 2,236 branches. The company offers a curated lifecycle credit suite to low‑middle‑income households, including group loans, individual business loans, secured business loans, affordable housing loans, and two‑wheeler financing. Its promoter is CreditAccess India B.V., a multinational entity focused on inclusive financing and supported by leading global institutional investors.

Key Figures

  • Total amount raised: INR 425 crore
  • Tenure of NCDs: 2 years
  • Fixed coupon (325 cr tranche): 9.25% p.a., quarterly payments
  • Floating coupon (100 cr tranche): 9.15% p.a., monthly payments
  • Investor participation: Sundaram Finance, Nuvama Wealth Finance, Julius Bäer Capital, Royal Sundaram Insurance, Vivriti Fund, Bajaj Finance