Stories
CreditAccess Grameen Secures $175 Million Through Syndicated Social Loan Facility
C
CNBC TV18•12-10-2026, 17:26
CreditAccess Grameen Secures $175 Million Through Syndicated Social Loan Facility
- •CreditAccess Grameen Ltd signed a $175 million syndicated social loan facility qualifying as an External Commercial Borrowing under RBI guidelines.
- •Standard Chartered Bank and DBS Bank acted as joint mandated lead arrangers with participation from 10 financial institutions across Asia, Middle East, and Africa.
- •This marks the company's fifth successful ECB syndication in five years, bringing total funds mobilized through such transactions to $640 million.
- •Foreign borrowings now account for around 24% of the company's liability profile, spanning a lender base across 15 countries.
- •Chief Financial Officer Nilesh Dalvi stated that the successful closure reflects international lenders' confidence in the company's business model and governance.
Key Questions Answered
CreditAccess Grameen signed a $175 million (approximately ₹16,940 crore) syndicated social loan facility, which qualifies as an External Commercial Borrowing (ECB) under the Reserve Bank of India's automatic route.
Standard Chartered Bank and DBS Bank acted as the joint mandated lead arrangers and bookrunners for the transaction.
This marks the company's fifth successful ECB syndication transaction over the past five years, bringing its total funds mobilised through such transactions to $640 million.
