CreditAccess Grameen Completes USD 40 Million Non-Convertible Bond Issuance
CreditAccess Grameen Limited has successfully completed the issuance and allotment of USD 40 million secured non-convertible bonds comprising 4,000 units of USD 10,000 each. The 60-month tenure bonds carry a coupon rate of 240 basis points plus Term SOFR with half-yearly interest payments and are secured by hypothecation over loan receivables. The bonds will be listed on NSE IFSC Limited, providing the microfinance company with medium-term capital resources for business operations.

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CreditAccess Grameen Limited has announced the successful completion of its USD 40 million non-convertible bond issuance, marking a significant milestone in the company's fundraising activities. The microfinance institution informed stock exchanges on March 18, 2026, about the completion of this dollar-denominated debt instrument offering.
Bond Structure and Terms
The bond issuance consists of 4,000 secured, rated, and listed non-convertible bonds, each carrying a face value of USD 10,000. The total issue size aggregates to USD 40,000,000, representing a substantial capital raising exercise for the company.
| Parameter: | Details |
|---|---|
| Issue Size: | USD 40,000,000 |
| Number of Bonds: | 4,000 units |
| Face Value per Bond: | USD 10,000 |
| Tenure: | 60 months |
| Listing Exchange: | NSE IFSC Limited |
Interest and Payment Structure
The bonds carry an attractive interest structure with a coupon rate set at 240 basis points plus Term SOFR, to be determined on the quotation day. This floating rate mechanism ensures that the interest payments remain aligned with prevailing market conditions.
| Payment Details: | Terms |
|---|---|
| Coupon Rate: | 240 basis points plus Term SOFR |
| Interest Payment: | Half-yearly basis |
| Principal Payment: | As per Information Memorandum terms |
Security and Collateral
The bonds are backed by robust security arrangements to protect investor interests. The issue is secured by an exclusive first ranking and continuing charge created through hypothecation over specific loan receivables and book debts, both present and future. This security structure will be formalized through an unattested deed of hypothecation executed by the issuer in favor of the trustee for the benefit of bondholders.
Regulatory Compliance
The bond issuance follows the company's earlier intimation to stock exchanges dated December 10, 2025, demonstrating adherence to regulatory disclosure requirements under SEBI Listing Regulations. The completion of this issuance represents the fulfillment of the company's previously announced fundraising plans.
The successful completion of this USD 40 million bond issuance provides CreditAccess Grameen with additional capital resources to support its microfinance operations and business expansion activities. The 60-month tenure offers the company a medium-term funding solution while the NSE IFSC listing provides liquidity options for investors.
Source: None/Company/INE741K01010/d147598f-365c-42b1-805f-43ea10c3fc51.pdf
Historical Stock Returns for Credit Access Grameen
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.96% | -3.54% | -9.68% | -16.97% | +23.36% | +69.47% |






























