CreditAccessGrameen’s NCD Tranche I Issue Opens on November 14, 2022

Bengaluru, 10th November, 2022.

CreditAccessGrameen Limited, a Non-Banking Financial Company-Micro Finance Institution (NBFC-MFI) offering collateral-free loans to women with an annual household income of Rs.3,00,000 with the primary focus to provide income generation loans,has filed Tranche I prospectus for public issue of secured, redeemable, non-convertible debentures of the face value of Rs. 1,000 each. The base issue size isRs.250 crore with an option to retain over subscription up to Rs.250 crore, aggregating up to Rs.500 crore, which is within the Shelf limit of Rs. 1,500 crore (“Tranche I Issue”).

The Tranche I Issue opens on Monday,November 14, 2022, and closes on Friday,December 2, 2022,with an option of early closure.The NCDs are proposed to be listed on BSE Limited and NSE Limited (collectively, “Stock Exchanges”) with NSE as the Designated Stock Exchange for the Issue. The NCDs have been rated IND AA-/Stable by India Ratings and Research Private Limited.

The minimum application size would be Rs. 10,000 (i.e. 10 NCDs) and thereafter in multiples of Rs. 1,000 (i.e. 1 NCD) thereof. This issue has tenure options of 24 months, 36 months and 60 months for secured NCDs with monthly and cumulative coupon payment modes being offered across series I, II, III, IV, V and VI. Effective yield (per annum) for NCD holders in all Categories ranges from 9.83% to 10.46% per annum. Amount on maturity for NCD holders in all Categories under the cumulative coupon payment option ranges from Rs. 1,206.57/-to Rs. 1,644.91/-.

Out of the Net proceeds of the Tranche I Issue, at least 75% shall be utilised for the purpose of onward lending, financing, and for repayment of interest and principal of existing borrowings of the Company and a maximum up to 25% will be utilised for general corporate purposes.

As at September 30, 2022, the Company has a Gross AUM of Rs. 16,539.11 crore on a consolidated basis with presence through 1,684 branches and 10,826 loan officers in India.

*Our Company shall allocate and allot Series IV NCDs wherein the Applicants have not indicated the choice of the relevant NCD Series.

A. K. Capital Services Limited is the Lead Manager to the Tranche I Issue. Catalyst Trusteeship Limited is the Debenture Trustee and KFin Technologies Limited is the Registrar to the Tranche I Issue.

Please note that the Basis of Allotment under the Issue will be on the basis of the date of upload of each application into the electronic book of the Stock Exchanges in accordance with the SEBI Operational Circular. However, from the date of over subscription and thereafter, the allotments will be made to the applicants on a proportionate basis. For further details, refer section titled “Issue Procedure” on page 93 of the Tranche I Prospectus dated November 4, 2022.