CreditAccess Grameen Limited has successfully raised ₹425 crore in June 2026 through the private placement of non-convertible debentures (NCDs). The issuance comprised two separate transactions: ₹325 crore of NCDs arranged by Nuvama Fixed Income Advisory and ₹100 crore of NCDs bilaterally placed with Bajaj Finance Limited. The instruments are senior, secured, rated, listed, and redeemable in nature, aimed at diversifying the company's funding franchise.

NCD Issuance Structure

The ₹325 crore tranche was subscribed by multiple investors, with the issue launching at a base size of ₹200 crore and an additional ₹125 crore raised via the exercise of a green-shoe option. The NCDs carry a fixed coupon rate of 9.25% per annum, payable quarterly, and have a tenure of 2 years. The allotment for this tranche was approved by the Executive, Borrowings & Investment Committee of the Board of Directors on June 24, 2026.

The subscribers to the ₹325 crore tranche included Sundaram Finance Limited (₹100 crore), Nuvama Wealth Finance Limited (₹100 crore), Julius Bär Capital (India) Private Limited (₹75 crore), Royal Sundaram General Insurance Company Limited (₹25 crore), and Vivriti Fixed Income Fund (₹25 crore). The ₹100 crore tranche placed with Bajaj Finance Limited carries a floating rate coupon of 9.15% per annum, payable monthly, and also has a tenure of 2 years.

Key Details of the Allotment

The following table summarises the key terms of both NCD tranches:

Security and Compliance

The debentures are secured by way of a first ranking exclusive and continuing charge over certain identified book debts and receivables of the company. The value of the hypothecated assets will be maintained at least 1.10 times the outstanding principal amount along with accrued interest until full redemption. The debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited. In the event of a payment default, the company has agreed to pay penal charges at 2% per annum over the prevailing interest rate on the outstanding principal amounts. The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

credit access grameen has announced its schedule of investor meetings to be held in Hong Kong on June 24 and June 25, 2026. The meetings are conducted pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, to engage with institutional investors.

The revised schedule features interactions with asset management firms such as Schroders, Invesco (Asia), and Barings. The modes of engagement are physical across different locations in Hong Kong.

Investor Meeting Schedule

The disclosure was submitted to BSE Limited and National Stock Exchange of India Limited. Deepti Ramani, Company Secretary & Compliance Officer, signed the intimation on June 23, 2026.