Microfinance lender CreditAccess Grameen Ltd successfully raised ₹300 crore through a private placement of non-convertible debentures (NCDs) on September 2, 2026. According to reports from CNBC TV18 and Business Standard, the issue was fully subscribed and bilaterally placed with Barclays Bank PLC, a qualified institutional buyer. The company continues to use the private placement NCD route to fund the growth of its lifecycle credit suite for low-middle income households across rural and semi-urban India.
The NCDs are senior, secured, rated, listed and redeemable in nature, raised in two tranches. As reported by CNBC TV18 and Business Standard, the first tranche comprises ₹100 crore with a tenure of 24 months and carries a fixed coupon of 9.15% per annum, maturing on September 2, 2028. The second tranche comprises ₹200 crore with a tenure of 36 months and carries a fixed coupon of 9.25% per annum, maturing on September 2, 2029. Both tranches have annual coupon payments, with principal repayment through bullet payments at the end of respective tenures.
Following the successful fundraising announcement, shares of CreditAccess Grameen Ltd ended at ₹1,439.40, up by ₹37.70, or 2.69% on the BSE on Thursday. According to latest market data, this positive market response reflects investor confidence in the company's credit profile and strategic funding initiatives. The strong institutional backing through Barclays Bank PLC further validates the company's financial strength and governance standards.
This latest ₹300 crore fundraising follows CreditAccess Grameen's previous successful ₹425 crore domestic private placement in June 2026, which included a ₹325 crore issue arranged by Nuvama and a ₹100 crore bilateral issue with Bajaj Finance Limited. According to CNBC TV18 and Business Standard, the company has been strategically diversifying its funding channels ranging from syndicated social loans to global banks and bilateral domestic NCDs. As per Nilesh Dalvi, Chief Financial Officer, the bilateral NCD placement with a leading global financial institution is a strong endorsement of the company's credit profile, asset quality and governance standards, while further deepening access to the domestic institutional debt market.
