The first transaction involved the private placement of INR 325 crore worth of non-convertible debentures arranged by Nuvama Fixed Income Advisory, while the second consisted of INR 100 crore worth of non-convertible debentures placed bilaterally with Bajaj Finance Limited. The company stated that all the debentures issued under both transactions are senior, secured, rated, listed, and redeemable in nature.
The INR 325 crore issuance arranged by Nuvama Fixed Income Advisory attracted participation from several institutional investors. Sundaram Finance Limited subscribed to INR 100 crore, while Nuvama Wealth Finance Limited also invested INR 100 crore. Julius Bäer Capital (India) Private Limited subscribed to INR 75 crore, Royal Sundaram General Insurance Company Limited invested INR 25 crore, and Vivriti Fixed Income Fund subscribed to INR 25 crore.
According to the company, the issue was initially launched with a base size of INR 200 crore. However, strong demand from investors enabled the company to exercise the green-shoe option, raising an additional INR 125 crore and taking the total issue size to INR 325 crore. The debentures carry a tenure of two years with a fixed annual coupon rate of 9.25 percent, payable on a quarterly basis.
The separate bilateral placement of INR 100 crore with Bajaj Finance Limited was also issued for a tenure of two years. These debentures carry a floating annual coupon rate of 9.15 percent, with interest payable every month.
Commenting on the fundraising, Nilesh Dalvi, Chief Financial Officer of CreditAccess Grameen, said that building a diversified and cost-efficient funding franchise has always remained a strategic priority for the company. He stated that every fundraising transaction, whether through syndicated external commercial borrowings across global markets or domestic non-convertible debenture issuances, reflects the company's conviction that a resilient non-banking financial company should be supported by multiple independent funding sources.
He further said that the latest private placement demonstrates the confidence domestic institutional investors have in CreditAccess Grameen's credit profile while complementing the continued support received from international lenders. He added that the company will continue building on this momentum as it progresses toward its funding architecture planned for 2028.
Headquartered in Bengaluru, CreditAccess Grameen Limited is India's leading rural-focused inclusive financing platform serving low and middle-income households. The company offers a lifecycle credit portfolio comprising group loans, individual business loans, secured business loans, affordable housing loans, and two-wheeler financing.
The company currently operates across 451 districts in 16 states, including Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal, along with the Union Territory of Puducherry through a network of 2,236 branches. CreditAccess India B.V., a multinational company focused on inclusive financing and supported by leading global institutional investors, is the promoter of CreditAccess Grameen.
The successful INR 425 crore fundraising marks another significant milestone in CreditAccess Grameen's long-term funding strategy, strengthening its access to diversified domestic capital while reinforcing confidence among institutional investors as the company advances its inclusive financing mission across rural India.
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