CreditAccess Grameen Limited announced today, June 12, 2026, the approval by its Executive, Borrowings & Investment Committee for the allotment of 10,000 senior, secured, rated, listed, redeemable, non-convertible debentures. The face value of each debenture is INR 1,00,000, with an aggregate nominal value of INR 100,00,00,000. These debentures will be issued on a private placement basis and are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
Debenture Allotment Approved
CreditAccess Grameen Limited has received approval for the allotment of 10,000 non-convertible debentures (NCDs). This decision was made by the Company’s Executive, Borrowings & Investment Committee during a meeting held on June 12, 2026. The debentures are structured as senior, secured, rated, listed, redeemable, and transferable instruments, denominated in Indian Rupees.
Key Details of the Debenture Issue
Each debenture carries a face value of INR 1,00,000, resulting in an aggregate nominal value for the entire issue of INR 100,00,00,000 (Indian Rupees One Hundred Crore). The issuance is being conducted on a private placement basis. These debentures are slated for listing on the Wholesale Debt Market segment of the BSE Limited.
Instrument and Maturity Terms
The Deemed Date of Allotment for these debentures is set for June 12, 2026, with a Final Redemption Date scheduled for June 12, 2028. This establishes a tenure of 24 months from the allotment date.
Interest and Security Details
The interest rate for these debentures will be determined by the prevailing 3-Month MCLR of the State Bank of India plus a spread of 90 basis points. As of the Deemed Date of Allotment, this equates to an annual interest rate of 9.15%, payable monthly. The debentures will be secured by a first-ranking exclusive and continuing charge over certain identified book debts and receivables of the Company, referred to as the “Hypothecated Assets.” The value of these hypothecated assets must be at least 1.10 times the outstanding principal amounts along with accrued interest.
Payment and Default Provisions
Principal repayment will occur on the Final Redemption Date. In the event of a payment default lasting more than three months, the Company agrees to pay penal charges at 2% per annum over the prevailing Interest Rate on the outstanding principal amounts until the default is cured or the debentures are fully redeemed.
Source: BSE
