Credit Access Grameen Limited has successfully allotted USD-denominated non-convertible bonds worth $30 million to Blue Orchard Microfinance Fund on December 24, 2025. The allotment was approved by the Executive, Borrowings and Investment Committee of the Board of Directors at their meeting held on the same date.

Bond Allotment Details

The company issued 3,000 secured, rated, listed USD-denominated non-convertible bonds on a private placement basis. The bonds were allotted to Blue Orchard Microfinance Fund, an identified investor, subject to the terms outlined in the Issue Information Memorandum and other transaction documents.

Security and Listing Information

The bonds are secured by an exclusive first ranking and continuing charge by way of hypothecation over specified loan receivables and book debts, both present and future, under the terms of an unattested deed of hypothecation. This security structure provides investors with protection against the company's loan portfolio.

The bonds are listed on NSE IFSC Limited (Gift City), providing liquidity options for the investor. The listing on the international financial services center enhances the bonds' tradability and regulatory compliance.

Redemption Terms

The bonds include provisions for partial redemption on a pro-rata basis, allowing for flexible repayment options. The specific dates and quantities for redemption will be determined according to the terms specified in the bond documentation.

Regulatory Compliance

The allotment was conducted in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with other applicable regulations. This follows Credit Access Grameen's earlier intimation dated December 10, 2025, ensuring full transparency and regulatory compliance throughout the process.

The successful completion of this bond allotment strengthens Credit Access Grameen's funding base and supports its ongoing business operations in the microfinance and retail finance sectors.

CreditAccess Grameen Limited, a prominent microfinance institution, has announced a significant move in its financial strategy. The company's Board of Directors has approved the issuance of foreign currency bonds and non-convertible debentures (NCDs) through private placement, with a combined upper limit of ₹1,500.00 crores.

Key Details of the Issuance

Types of Securities

The approved issuance encompasses a wide range of securities offering flexibility in structure and security options.

Foreign Currency Bonds:

• May be listed or unlisted
• Secured or unsecured options available
• Types include subordinated, fixed rate, floating rate, and zero-coupon bonds

Non-Convertible Debentures:

• May be listed or unlisted
• Secured or unsecured options available
• Types include subordinated, fixed rate, floating rate, and zero-coupon debentures

Issuance Structure

This strategic financial move by CreditAccess Grameen demonstrates the company's efforts to diversify its funding sources and potentially tap into international capital markets. The flexibility in the types of securities and their structures suggests that the company is preparing to adapt to various market conditions and investor preferences.

Investors and market watchers should note that while the board has approved this issuance, the actual timing, terms, and conditions of the bonds and debentures will likely be determined based on market conditions and the company's funding requirements.