CREDITACCESS GRAMEEN LIMITED Coupon 9.25% | NBFC Retail Bond

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Returns (YTM)

N/A

Min. Investment

N/A

Remaining Tenure

1Y 9M 12Days

Payment Terms

Monthly

Highlights

Credit Rating

IND AA-/STABLE

Seniority

SENIOR

Security

Secured

Default History

Zero

About Issuer

CREDITACCESS GRAMEEN LIMITED

One of the largest small finance institutions known among the customers as Grameen Kota is CreditAccess Grameen Limited is a recognized institution by the Reserve Bank of India and listed publicly in NSE and BSE and is headquartered in Bangalore.

With a vision to be the one and only preferred lenders for all Indian householders to avail them of required credits for their evolving needs with accessible solutions. They are into offering micro and group loans to the rural of India. With various lending products, they fulfill the need to make income generation accessible, home improvements easier, health care needs reachable, and many others that take care of the entire lifecycle of the customers. Their solutions are predominantly for those who are in rural areas and have no access to the banking sector, unlike every other people. Their agenda is straight with offering micro-loans to the needs of rural areas. The point to be noted is that they are the largest NBFC in the sector of the gross loan portfolio.

Financial Statement

Total Annual Revenue

3550.76 Cr (FY 2023)

Year of Inception

1991

Industry

NBFC Retail

Head Office

Bengaluru

Type of Issuer

Corporate

Current MD/CEO

Mr. Udaya Kumar

Credit Rating / Outlook

AA- STABLE

IND

Credit rating by different rating agencies indicates the bond issuer’s ability to repay its debt obligations. A bond can be rated by one or more SEBI registered credit rating agencies e.g. CRISIL, CARE, ICRA, IND, BWR, ACUITE, INFOMERICS.
Bonds/NCDs with AA credit rating are considered to have a high degree of safety regarding timely servicing of debt obligations. Such Bonds/NCDs carry very low credit risk.
Stable Outlook suggests that the rating is unlikely to change significantly in the near to medium term, indicating a stable credit profile of the issuer.

Other Important Details & Disclosures

Issuer Name

CREDITACCESS GRAMEEN LIMITED

Security Name

ISIN

Copy

INE741K07595

Face Value

₹ 1,000

Coupon Rate

9.25%

Coupon Type

FIXED

Payment Terms

Monthly

Maturity Date

7-Jun-2026

Clean Price

₹ 101.75

Dirty Price

Current Yield

Yield to Maturity

8.4982%

Mode of Issue

Public Placement

Date of Issue

7-Sep-2023

Listed

Yes

Instrument Type

Taxable

Security

Secured

Seniority

SENIOR

Perpetual

Trustee Details

Catalyst Trusteeship Limited

GDA House, Plot No. 85, Bhusari Colony (Right), Kothrud Pune 411 038, Maharashtra

Registrar Details

KFIN Technologies Limited

Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana

Looking For More Information ?

Download Prospectus

Taxation

10%

TDS on Interest Income*

*Given TDS is indicative and fully claimable while filing ITR. The interest income from this bond will be taxable and will appear in the additional source of income in your ITR. Please consult your tax advisor for precise taxation details
As a listed bond, it is subject to capital gains tax based on the holding period. A holding period of less than 1 year qualifies as short-term, while more than 1 year qualifies as long-term.
You can submit your Form 15G/15H to the registrar and debenture trustee of the bond to avoid the TDS deduction. Download Form

Registrar details: KFIN Technologies Limited Selenium Tower B, Plot 31-32, Gachibowli, Financial District, Nanakramguda, Serilingampally, Hyderabad 500 032, Telangana

This bond is
currently out of stock

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FAQs about CREDITACCESS GRAMEEN LIMITED bonds

How to buy this CREDITACCESS GRAMEEN LIMITED bond online?

You can invest in bonds online in under 5 minutes. To buy CREDITACCESS GRAMEEN LIMITED bond online follow the steps below:

Login/signup at GoldenPi
Upload your documents online to complete the KYC
Pay online via payment gateway and receive bond units in your demat account

What is the yield of this CREDITACCESS GRAMEEN LIMITED bond?

8.4982% is the current yield of this CREDITACCESS GRAMEEN LIMITED bond. A bond’s current yield indicates the annual return based on its current market price and annual coupon payment.
In addition to current yield, the yield to maturity (YTM) of this CREDITACCESS GRAMEEN LIMITED bond is 8.4982%, which indicates the total expected return if the bond is held till the maturity date. It is calculated using the XIRR method considering current price, face value, coupon payments, and time to maturity.

Is it safe to invest in bonds?

Investing in bonds is relatively a safer option but it depends on factors like:

The creditworthiness of the issuer indicated by the credit rating
The debt quality of the bond indicated by its seniority and security
Your investment goals and risk appetite

If you are an existing bond investor and want to sell your bond holdings before maturity, you can do so through the secondary market. This can be done either through exchanges such as BSE or NSE, or you can also request a quote from your relationship manager at GoldenPi.

How to redeem this CREDITACCESS GRAMEEN LIMITED bond?

To redeem this CREDITACCESS GRAMEEN LIMITED bond, bond, kindly first check its redemption value and redemption schedule. This can be found by downloading the cash flow from the “Calculate Your Returns” section of this page or by contacting the support team at GoldenPi.
Once you buy this bond, the units would be reflected in your demat account.
Upon maturity, the bond units held in your demat account will be automatically debited on the maturity date, and if the maturity date falls on a bank holiday, the redemption amount will be paid out on the next working day.
The funds will be credited to the bank account linked to your demat account. The process of redeeming this CREDITACCESS GRAMEEN LIMITED bond is generally simple and straightforward. Contact our support team for more information.

Is this CREDITACCESS GRAMEEN LIMITED bond tax-free?

No, this CREDITACCESS GRAMEEN LIMITED bond is not tax free. The interest income received from these bonds will be treated as “income from other sources” in the ITR and the tax will be calculated as per your income tax slab.

To know more about taxation in detail please read this article: https://goldenpi.com/blogessentials/bond-market/taxation-on-gains-from-bond-investments/

Can I sell this CREDITACCESS GRAMEEN LIMITED bond before the maturity date?

Yes, it is possible to sell this CREDITACCESS GRAMEEN LIMITED bond before maturity. However, as the sale process happens in the secondary market, the price can be determined by a variety of factors, including interest rates, credit ratings, company performance, and market demand.

To know more about the sale process, contact us at https://goldenpi.com/contact-us

Need Help?

Talk to our Support Team for free. We will help you through your investment journey.

Note to Investors

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Investments in debt securities/municipal debt securities/securitized debt instruments are subject to risks including delay and/or default in payment. Read all the offer-related documents carefully.
Investors can update their email id and mobile number with their stock broker / depository participant and receive OTP directly from the depository on email id and/or mobile number to create a pledge. Investors can check their securities / MF / bonds in the consolidated account statement issued by NSDL/CDSL every month.

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The information shown on the website should not be construed as financial advice or as an offer or recommendation to buy or sell any security or any products/services of GSPL or any product/services of its third-party client(s). The user should act and rely on the information/data shown on the website only after understanding all associated risk parameters. Any action/decision taken by the user on the basis of the information shown on this website shall be the sole responsibility of the user. Neither GSPL nor its directors, employees, associates, representatives, or agents shall be liable for any damages whether direct, indirect, special, or consequential including lost revenue or lost profits that may arise to the user from or in connection with the use of the information/data shown on this website.

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Fixed Deposits are offered in the capacity of a distributor and all disputes with respect to distribution activity, would not have access to exchange investor redressal forum or arbitration mechanism.

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Highlights

About Issuer

CREDITACCESS GRAMEEN LIMITED

Credit Rating / Outlook

Other Important Details & Disclosures

Taxation

How to buy this CREDITACCESS GRAMEEN LIMITED bond online?

What is the yield of this CREDITACCESS GRAMEEN LIMITED bond?

Is it safe to invest in bonds?

How to redeem this CREDITACCESS GRAMEEN LIMITED bond?

Is this CREDITACCESS GRAMEEN LIMITED bond tax-free?

Can I sell this CREDITACCESS GRAMEEN LIMITED bond before the maturity date?

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