CreditAccess Grameen Completes USD 40 Million Non
CreditAccess Grameen Limited has successfully completed the issuance and allotment of USD 40 million secured non-convertible bonds comprising 4,000 units of USD 10,000 each. The 60-month tenure bonds carry a coupon rate of 240 basis points plus Term SOFR with half-yearly interest payments and are secured by hypothecation over loan receivables. The bonds will be listed on NSE IFSC Limited, providing the microfinance company with medium-term capital resources for business operations.
