Taxable
Tax Category
07 Jun, 2026
Maturity Date
(1 Yr 8 Mo 27 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
07 Sep, 2023
Allotment Date
NA
Put Date
07 Oct, 2024
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
No
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
Quote Not Available
Dirty Price
Error Generating Cashflow 😥. We are looking into this.
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
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 FY24 is 5.86x and it was 6.86x in FY23, indicating decrease in debt levels, even though there is increase in borrowing and debt but issuer is able to maintain its profitability due to which their overall ratio improved.
Debt/EBITDA
The ratio in FY24 is 2.12x and it was 1.91x in FY23, indicating improvement in issuers debt service ability, due to increase in revenue and profits over the years.
Interest coverage ratio
Mar 27, 2024 | CreditAccess Grameen Limited
Mar 27, 2024 | CreditAccess Grameen Limited
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BOND VALUE DETAILS
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