CreditAccess Grameen board approves $1.5bn debt issuance, investor meetings set

CreditAccess Grameen's board of directors approved the issuance of foreign currency bonds and non-convertible debentures up to an aggregate limit of INR 1500,00,00,000. These securities, including subordinated, fixed, floating, and zero-coupon types, will be issued via private placement in domestic and/or foreign markets. The bonds are proposed for listing on NSE IFSC Limited ("NSE IX") and India International Exchange (IFSC) Limited (“India INX”), while the debentures may be listed on BSE Limited or National Stock Exchange of India Limited.

The specifics of these instruments, including tenure, interest rates, payment schedules, charges, and special rights, will be determined by the board or a committee of the board from time to time. This strategic move aims to diversify the company's funding sources.

CreditAccess Grameen also announced investor meetings scheduled for December 11 and 12, 2025. These virtual one-to-one sessions include meetings with Moon Capital and Reliance General Insurance, providing an opportunity for engagement with potential investors following the board's approval.