Security Name: 9.70% CreditAccess Grameen Limited 07 Sep 2028
ISIN:
INE741K07579
Taxable
Tax Category
07 Sep, 2028
Maturity Date
(3 Yr 8 Mo 15 D to mature)
Monthly
Interest Payment Frequency
Yes
NRI Eligibility
07 Sep, 2023
Allotment Date
NA
Put Date
07 Jan, 2025
Next Interest Payment Date
15 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
9.7%
Coupon
Fixed Interest
Coupon Basis
9.4782%
Current Yield
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 FY24 is 5.86x and it was 6.86x in FY23, indicating decrease in debt levels, even though there is increase in the 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
Recent News
CreditAccess Grameen Q3 Results | Profit zooms 64% to ₹353 crore, net interest income up 43%
Mar 27, 2024 | CreditAccess Grameen Limited
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
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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.
₹102.3396
Clean Price
9.3295%
Yield (YTM)
Principal Amount
Accrued Interest from
Enter no. of bonds you want to buy
BOND VALUE DETAILS
Face Value
Market Value
Stamp Duty
Select a Settlement Date:
Total Investment
| Cashflow for INE741K07579 |
|---|
| 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 |
|---|
| 9.70% CreditAccess Grameen Limited 07 Sep 2028 |
| Credit Rating |
|---|
| AA- / Stable by IND |
| Coupon Frequency |
|---|
| Monthly |
| Face Value |
|---|
| ₹1,000 |
| Coupon |
|---|
| 9.700000% |
| YTM or YTC |
|---|
| YTM |
| Maturity Date |
|---|
| 07/09/2028 |
| Security |
|---|
| Senior Secured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Dec 24,2024 |
| Principal Amount |
|---|
| ₹1,023.4 |
| Accrued Interest |
|---|
| ₹0 |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹1,023.4 |
| Price |
|---|
| ₹102.3396 |
| Yield |
|---|
| 0% |
| Year | Payment Date | Amount | 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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