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An update from CreditAccess Grameen Ltd. ( (IN:CREDITACC) ) is now available.
CreditAccess Grameen Ltd. has completed the issuance and allotment of 4,000 secured, rated, listed U.S. dollar-denominated non-convertible bonds with a face value of USD 10,000 each, aggregating to USD 40 million. The bonds, which will be listed on NSE IFSC Limited, carry a 60-month tenure, pay interest semi-annually at 240 basis points over Term SOFR, and are secured by an exclusive first-ranking hypothecation charge over specified present and future loan receivables.
This offshore bond issuance strengthens the company’s access to foreign currency funding and diversifies its capital base, supporting its ability to scale microfinance operations while maintaining secured structures for investors. The listing on an international exchange and the defined security over loan receivables may enhance investor confidence and broaden the firm’s appeal among global fixed-income investors focused on emerging market financial inclusion.
More about CreditAccess Grameen Ltd.
CreditAccess Grameen Ltd. is a microfinance institution focused on providing small, secured and unsecured loans to low-income and underserved borrowers, largely in rural and semi-urban India. The company raises capital through domestic and international debt markets, including listed non-convertible bonds, to fund its growing loan book and expand financial inclusion.
Average Trading Volume: 88,112
Technical Sentiment Signal: Sell
Current Market Cap: 187.2B INR
Find detailed analytics on CREDITACC stock on TipRanks’ Stock Analysis page.