CreditAccess Grameen’s board has approved the issuance of 1000 secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) having a face value of Rs 10,00,000 each aggregating up to Rs 100 crore along with a Green Shoe Option of Rs 50 crore, in favour of State Bank of India. The said NCDs are proposed to be listed on the Wholesale Debt Market Segment (WDM) of BSE. The Executive, Borrowings and Investment Committee of the Board of Directors of the company, in its meeting held on July 21, 2020, considered and approved the same.
CreditAccess Grameen is a leading Indian micro-finance institution headquartered in Bangalore, focused on providing micro-loans to women customers predominantly in Rural Areas in India.
