The company said it continues to use the private placement NCD route to fund the growth of its lifecycle credit suite for low-middle income households across rural and semi-urban India.
The NCDs are senior, secured, rated, listed and redeemable in nature. The issue was raised in two tranches. The first tranche comprises ₹100 crore with a tenure of 24 months and carries a fixed coupon of 9.15% per annum.
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The second tranche comprises ₹200 crore with a tenure of 36 months and carries a fixed coupon of 9.25% per annum. The coupon on both tranches is payable annually, while the principal will be repaid through a bullet payment at the end of the respective tenures.
Nilesh Dalvi, Chief Financial Officer, CreditAccess Grameen, said, “The bilateral NCD placement with a leading global financial institution is a strong endorsement of our credit profile, asset quality and governance standards, while further deepening our access to the domestic institutional debt market.
From an ALM perspective, the bullet structure is particularly advantageous, as the principal remains fully outstanding until maturity rather than amortising progressively, thereby providing a longer effective funding benefit and strengthening our ALM profile.
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As we move forward, we will remain focused on enhancing funding efficiency and building a robust funding architecture aligned with our growth ambitions through 2028.”
Shares of CreditAccess Grameen Ltd ended at ₹1,439.40, up by ₹37.70, or 2.69%, on the BSE.
First Published: Sept 3, 2026 7:34 PM IST
