CreditAccess Grameen Raises ₹300 Crore via Bilateral NCD Issuance

CreditAccess Grameen Limited has successfully raised ₹300 crore in September 2026 through the private placement of non-convertible debentures (NCDs). The issue was fully subscribed and bilaterally placed with Barclays Bank PLC. This issuance aims to fund the growth of its credit suite for low-middle income households in rural and semi-urban India.

The NCDs are senior, secured, rated, listed, and redeemable. They were issued in two tranches: ₹100 crore with a 24-month tenure at a fixed coupon of 9.15% per annum, and ₹200 crore with a 36-month tenure at a fixed coupon of 9.25% per annum. Both tranches feature annual coupon payments and bullet repayment of principal at maturity.

Mr. Nilesh Dalvi, CFO of CreditAccess Grameen, stated that the placement with Barclays Bank is a strong endorsement of the company's credit profile, asset quality, and governance. He also noted the advantage of the bullet repayment structure for asset-liability management (ALM), providing a longer funding benefit. The company remains focused on enhancing funding efficiency and building a robust funding architecture aligned with its growth ambitions through 2028.

CreditAccess Grameen Limited is a leading rural-focused inclusive financing platform headquartered in Bengaluru, offering group loans, individual business loans, secured business loans, affordable housing loans, and two-wheeler financing across 16 states and one union territory through 2,276 branches.