CreditAccess Grameen Allots USD 30 Million Bonds to BlueOrchard Microfinance Fund
CreditAccess Grameen Limited announced the allotment of 3,000 secured, rated, listed, United States Dollar Denominated Non-Convertible Bonds on a private placement basis. The allotment was made to a s...
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Why is CREDITACCESS GRAMEEN LIMITED in the news today?
CREDITACCESS GRAMEEN LIMITED (CREDITACC) is in the news due to the company has successfully raised debt financing through the issuance of bonds, which can be seen as a positive development for its funding capabilities.
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CreditAccess Grameen Allots USD 30 Million Bonds to BlueOrchard Microfinance Fund
December 24, 2025, 10:59 AM
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CreditAccess Grameen Limited announced the allotment of 3,000 secured, rated, listed, United States Dollar Denominated Non-Convertible Bonds on a private placement basis. The allotment was made to a single identified investor, BlueOrchard Microfinance Fund, for an aggregate amount of USD 30,000,000 (₹250 crore).
The bonds have a face value of USD 10,000 each and will mature on December 24, 2030. The coupon rate offered is 240 basis points plus Term SOFR, payable semi-annually. The company has created an exclusive first ranking charge by way of hypothecation over specific loan receivables for these bonds.
Partial redemption of the bonds will occur on a pro-rata basis on December 27, 2028 (750 bonds), December 24, 2029 (750 bonds), and December 24, 2030 (1,500 bonds). The allotment was approved by the Executive, Borrowings and Investment Committee of the Board of Directors at their meeting held on December 24, 2025. The bonds are proposed to be listed on NSE IFSC Limited (Gift City).
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