CreditAccess Grameen has announced the allotment of 3,000 secured, rated, listed, United States Dollar Denominated Non-Convertible Bonds to an identified investor on a private placement basis. The bonds, each with a face value of USD 10,000, amount to a total issuance of USD 30 million. This allotment was approved by the Board’s Executive, Borrowings and Investment Committee on December 24, 2025.
Details of Bond Allotment
CreditAccess Grameen has successfully allotted 3,000 secured, rated, and listed United States Dollar Denominated Non-Convertible Bonds. These bonds were issued on a private placement basis. Each bond has a face value of USD 10,000, bringing the total issue size to USD 30 million.
Key Terms and Details
The bonds are exclusively offered to one identified investor, the BlueOrchard Microfinance Fund, and were fully subscribed. The allotment date is December 24, 2025, and the maturity date is set for December 24, 2030. The coupon rate is 240 basis points plus Term SOFR, determined on the Quotation Day, with payments made semi-annually. The bonds are listed on NSE IFSC Limited (Gift City).
Security and Redemption
The bonds are secured by an exclusive first-ranking and continuing charge on specific loan receivables/book debts. Redemption is structured as partial, on a pro rata basis, as follows:
- December 27, 2028: 750 bonds
- December 24, 2029: 750 bonds
- December 24, 2030: 1,500 bonds
Source: BSE