CreditAccess Grameen Ltd. Allots INR 325 Crore in Debentures via Private Placement
CreditAccess Grameen Limited has finalized the allotment of senior, secured, non-convertible debentures amounting to INR 325,00,00,000 through a private placement. The transaction details were approved by the company’s Executive, Borrowings & Investment Committee on June 24, 2026.The issued securities are senior, secured, rated, listed, redeemable, transferable, and taxable non-convertible debentures denominated in Indian Rupees (INR). These debentures have a face value of INR 1,00,000 each.
A summary of the debenture issuance is provided below:
| Particular | Details |
|---|---|
| Type of Securities | Senior, secured, rated, listed, redeemable, transferable, taxable, non-convertible debentures |
| Issuance Method | Private placement basis |
| Total Debentures Issued | 32,500 |
| Aggregate Nominal Value | INR 325,00,00,000 (Indian Rupees Three Hundred and Twenty Five Crore) |
| Allotment Date | June 24, 2026 |
The instrument details reveal a fixed coupon rate of 9.25% per annum. Interest payments are scheduled to be made quarterly, while the principal amount is set for payment on the Final Redemption Date. The debentures have a tenure of 24 months and 2 days from the Deemed Date of Allotment, with maturity set for June 26, 2028.
Security and Listing Status
The issuance is secured by creating a first ranking exclusive and continuing charge over certain identified book debts or receivables of CreditAccess Grameen Limited. The value of these Hypothecated Assets must consistently remain at least 1.10 times the outstanding principal amounts along with accrued interest.
Regarding the tenure and financial structure, the key terms are as follows:
| Term | Details |
|---|---|
| Coupon/Interest Offered | 9.25% per annum (fixed), payable quarterly |
| Charge/Security | First ranking exclusive charge over identified book debts/receivables of the Company |
| Redemption Basis | The debentures will be redeemed on a pari passu basis by making payment of the outstanding principal amounts on the Final Redemption Date. |
The Debentures are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
CREDITACC Stock Price Movement
Creditaccess Grameen Limited saw its stock gain robustly today, closing out the session at ₹1460.3 after rising 6.29%. Trading activity included a volume of 1.97 million shares as the equity settled during the post-market close.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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