CreditAccess Grameen Allots ₹300 Crore in Senior Secured Debentures
CreditAccess Grameen Limited allotted ₹300 crore via senior secured non-convertible debentures on September 02, 2026. Series I (₹100 crore) matures in 24 months with 9.15% interest, and Series II (₹200 crore) matures in 36 months with 9.25% interest.
The issuance of ₹300 crore in debentures is a substantial amount that can impact the company's capital structure and leverage, influencing its financial flexibility and cost of capital.
The announcement is a routine debt fundraising activity and does not contain any significantly positive or negative financial performance indicators or strategic shifts.
CreditAccess Grameen Limited has announced the approval and allotment of senior, secured, rated, listed, redeemable, and taxable non-convertible debentures worth ₹300 crore. The allotment, approved by the Executive, Borrowings & Investment Committee of the Board of Directors on September 02, 2026, was made on a private placement basis.
This issuance comprises two series: Series I Debentures totaling ₹100 crore, with a face value of ₹1,00,000 each, maturing on September 02, 2028, and carrying a fixed coupon rate of 9.15% per annum. Series II Debentures amount to ₹200 crore, also with a face value of ₹1,00,000 each, maturing on September 02, 2029, and bearing a fixed coupon rate of 9.25% per annum. Both series are secured by a first-ranking charge on identified book debts and loan receivables of the company.
The debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. The company has also detailed the terms of interest payment and principal repayment, as well as provisions for penal charges in case of payment defaults.
A plain-language summary of a public exchange filing by CREDITACCESS GRAMEEN LIMITED. Read the original for the full detail.