CreditAccess Grameen Limited, a leading rural-focused inclusive financing platform in India, successfully raised INR 425 crore in June 2026 through a private placement of non-convertible debentures (NCDs). The issuance comprised two separate transactions: INR 325 crore in privately placed NCDs arranged by Nuvama Fixed Income Advisory and INR 100 crore in NCDs bilaterally placed with Bajaj Finance Limited. The NCDs are senior, secured, rated, listed, and redeemable in nature.
Details of the INR 325 Crore NCD Tranche
The INR 325 crore NCDs arranged by Nuvama Fixed Income Advisory were subscribed by multiple institutional investors. Sundaram Finance Limited invested INR 100 crore, Nuvama Wealth Finance Limited contributed INR 100 crore, Julius Baer Capital (India) Private Limited added INR 75 crore, Royal Sundaram General Insurance Company Limited invested INR 25 crore, and Vivriti Fixed Income Fund invested INR 25 crore. The issue launched with a base size of INR 200 crore but witnessed an additional INR 125 crore raised via the exercise of a green-shoe option, reflecting strong investor confidence in CreditAccess Grameen's business model and performance track record. These NCDs were issued with a tenure of two years and a fixed rate coupon of 9.25% per annum, payable quarterly.
Bilateral Placement with Bajaj Finance
The INR 100 crore NCDs bilaterally placed with Bajaj Finance Limited were issued with a tenure of two years and a floating rate coupon of 9.15% per annum, payable monthly. This transaction further diversifies the company's funding sources and strengthens its relationship with a leading non-banking financial company (NBFC).
Management Commentary
Commenting on the transaction, Mr. Nilesh Dalvi, Chief Financial Officer of CreditAccess Grameen, said, "At CA Grameen, building a diversified and cost-efficient funding franchise has always been a strategic priority. Every transaction whether a syndicated ECB across global markets or a domestic NCD issuance reflects our conviction that a resilient NBFC should be supported by multiple, independent sources of funds. This private placement demonstrates the confidence domestic institutional investors have in our credit profile and complements the strong support we continue to receive from international lenders. We will continue to build on this momentum as we progress towards our 2028 funding architecture."
About CreditAccess Grameen Limited
CreditAccess Grameen Limited is India's leading rural-focused inclusive financing platform headquartered in Bengaluru. The company provides a curated lifecycle credit suite to low-middle income households, spanning group loans, individual business loans, secured business loans, affordable housing loans, and two-wheeler financing. It operates across 451 districts in 16 states (Andhra Pradesh, Bihar, Chhattisgarh, Goa, Gujarat, Jharkhand, Karnataka, Kerala, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Tamil Nadu, Telangana, Uttar Pradesh, and West Bengal) and one union territory (Puducherry) through 2,236 branches. The company's promoter is CreditAccess India B.V., a multinational company focused on inclusive financing, supported by leading global institutional investors.
