CreditAccess Grameen moves up on securing $100 million multi-currency syndicated social loan facility
CreditAccess Grameen is currently trading at Rs. 1219.95, up by 23.75 points or 1.99% from its previous closing of Rs. 1196.20 on the BSE.
The scrip opened at Rs. 1236.45 and has touched a high and low of Rs. 1249.95 and Rs. 1209.15 respectively. So far 38881 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1524.75 on 18-Jun-2024 and a 52 week low of Rs. 750.05 on 27-Jan-2025.
Last one week high and low of the scrip stood at Rs. 1252.15 and Rs. 1170.15 respectively. The current market cap of the company is Rs. 19487.34 crore.
The promoters holding in the company stood at 66.43%, while Institutions and Non-Institutions held 24.06% and 9.51% respectively.
CreditAccess Grameen (CA Grameen) has secured a $100 million multi-currency syndicated social loan facility, qualifying as an ECB under the automatic route of the Reserve Bank of India (RBI). This ECB facility is the first of its kind in India’s microfinance sector, comprising Japanese Yen (JPY) and United States Dollar (USD) currencies, predominantly raised from banks in South Asia and the Far East.
This transaction marks the second syndicated loan facility led by Standard Chartered Bank for the Company and builds on the strong track record in international borrowings. Standard Chartered Bank previously acted as the Sole Mandated Lead Arranger and Bookrunner for the Company’s landmark $200 million syndicated ECB in 2023. The social loan shall adhere to CA Grameen’s Social Loan Framework, which aligns with the Social Loan Principles 2023, stipulating the use of proceeds, social development goals, and governance, according to the Loan Market Association. Sustainalytics has provided a second-party opinion validating the credibility and impact of the Framework.
The facility was initially launched for a base size of $70 million in November 2024 and achieved an oversubscription, resulting in commitments being upsized to $100 million from 7 banks. CA Grameen’s ability to raise international financing, especially debt from Korean and Japanese lenders, reflects its strong ESG credentials and impact-driven track record. The proceeds from this facility will be directed toward eligible social projects, supporting CA Grameen’s mission of driving equitable and sustainable progress.
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.
