Security Name: 10.00% CreditAccess Grameen Limited 23 Nov 2027
ISIN:
INE741K07496
Taxable
Tax Category
23 Nov, 2027
Maturity Date
(2 Yr 3 Mo 18 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
23 Nov, 2022
Allotment Date
NA
Put Date
23 Apr, 2025
Next Interest Payment Date
23 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
IPO
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
10%
Coupon
Fixed Interest
Coupon Basis
9.8167%
Current Yield
31 Mar, 2025
Record Date
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
CreditAccess Grameen Limited
CreditAccess Grameen Limited commenced microfinance operations under the leadership of Mrs. Vinatha M Reddy in 1999 as a division under T. Muniswamappa Trust (TMT), a registered public charitable trust/non-governmental organisation (NGO). This microfinance programme was transferred and transformed into an NBFC in 2007-08. CreditAccess India acquired a majority stake in the company in FY2014CA Grameen acquired 76% in MMFL in FY2020. MMFL was amalgamated with CA Grameen effective February 15, 2023. It is engaged in microlending activities mainly in Karnataka, Maharashtra, Tamil Nadu, Madhya Pradesh, Chhattisgarh, etc.
The ratio in FY25 is 7.51x and it was 5.86x in FY24, indicating increase in the debt level primarily due to a surge in provisions to cover bad loans.
Debt/EBITDA
The ratio in FY25 is 1.36x and it was 2.12x in FY24, indicating decrease in the debt servicing ability due to increase in the interest expenses which led to overall rise in finance cost.
Interest coverage ratio
Recent News
CreditAccess Grameen crosses ₹25,000 crore in AUM
Sep 26, 2024 | CreditAccess Grameen Limited
Konkan Railway Needs Major Infra Overhaul to Ensure Safety
Dec 04, 2024 | CreditAccess Grameen Limited
MFI CreditAccess Grameen Q1 net profit down 85% on higher provisions
Jul 23, 2025 | CreditAccess Grameen Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
Clean Price
Yield (YTM)
Principal Amount
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BOND VALUE DETAILS
Face Value
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Stamp Duty
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Total Investment
| Cashflow for INE741K07496 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 10.00% CreditAccess Grameen Limited 23 Nov 2027 |
| Credit Rating |
|---|
| AA- / Stable by IND |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,000 |
| Coupon |
|---|
| 10.000000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 23/11/2027 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Aug 05,2025 |
| Principal Amount |
|---|
| ₹1,018.67 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,018.67 |
| Price |
|---|
| ₹101.8673 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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