CreditAccess Grameen Ltd. - Capital/Financing Update 2021

CreditAccess Grameen Limited

Regd. & Corporate Office #49, 46thCross, 8thBlock, Jayanagar, Bengaluru-560070 Phone: 080-22637300 | Fax: 080-26643433 Email: [email protected] Website: www.creditaccessgrameen.com CIN: L51216KA1991PLC053425

April 22, 2021

To BSE Limited Phiroze Jeejeebhoy Towers Dalal Street Mumbai- 400001 Scrip code: 541770

National Stock Exchange of India Limited The Exchange Plaza Bandra Kurla Complex Bandra (East), Mumbai 400051 Scrip code: CREDITACC

Dear Sir/Madam,

Sub.: Intimation under Regulation 30 (read with Part A of Schedule III), SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), Issuance of Non-Convertible Debentures (NCDs)

In accordance with provisions of Regulation 30 (read with Part A of Schedule III), SEBI Listing Regulations and in continuation to our previous intimation dated April 19, 2021, we hereby inform that the Executive, Borrowings and Investment Committee of the Board of Directors of the company, in its meeting held today, Thursday, April 22, 2021, has considered and approved terms and conditions for issuance of 710 (seven hundred and ten) Secured, Redeemable, Transferable, Non-Convertible Debentures of face value of Rs. 10,00,000/- (Rupees Ten Lakhs only) each, aggregating up to Rs.71,00,00,000/- (Rupees Seventy One Crores Only) to Global Access Fund LP.

The terms and conditions of the issue is provided as Annexure A.

You are requested to take the same on record.

Thanking you,

Your Truly For CreditAccess Grameen Limited

M. J. Mahadev Prakash Head – Compliance, Legal & Company Secretary

Encl.: As above

Annexure A

Terms and conditions for the issue 710 Secured, Redeemable, Transferable, Non-Convertible Debentures of face value of Rs. 10,00,000/- (Rupees Ten Lakhs only) each, aggregating up to Rs. 71,00,00,000/- (Rupees Seventy One Crores Only)

Facility	Secured,Redeemable,Transferable,Non-ConvertibleDebentures
Size of the issue	710(sevenhundredandten)Secured,Redeemable,Transferable, Non-Convertible Debentures of face value of Rs.10,00,000/-(Rupees Ten Lakhs only) each, aggregating up toRs.71,00,00,000/-(Rupees SeventyOne Crores Only)("Debentures")
Listed/Unlisted	Unlisted
Tenure	36 (thirtysix)months and 15 daysfrom the date of allotmentof the Debentures ("Deemed Date of Allotment").
Date of allotment	April 28, 2021to April 30, 2021
Date of Maturity	May13, 2024to May 15,2024being 36 (thirtysix) months and15 (fifteen) days from the Deemed Date of Allotment, or, suchother date on which the final payment of the principal of theDebentures becomes due and payable in accordance with theterms of the debenture trust deed to be executed between theCompany and the debenture trustee ("DTD").
coupon/interest offered, schedule ofpaymentofcoupon/interestandprincipal;	9.90% gross per annum (inclusive of withholding taxes,surcharge etc.)(being, 9.19% (nine point one nine percent)per annum, net of withholding tax("InterestRate")Interest accrued at the interest rate on the outstanding
	principal balance shall be paid quarterly on March 31, June 30,September 30, and December 31 of each yearuntilMay13 to15, 2024(the "Maturity Date"), provided however, that if thefirstinterest payment date falls within 15 days of the initial loandisbursement no interest is due that quarter and the Borrowershall make its first interest payment the following quarter.
	The principal amount in respect of the Debentures shall berepaid ina single payment on the Maturity Date.
charge/security, if any, created overthe assets;	The Debentures shall be secured by way of a first rankingexclusive and continuing charge to be created pursuant to thedeed of hypothecation executed by the Company over

	identified receivables up to such threshold as may be mutuallyagreed.
specialright/interest/privilegesattachedtotheinstrumentandchanges thereof;	N.A. The details of the rights of the debenture holders are/willbe set out in the DTD.
Delayinpaymentofinterest/principal amount for a period of morethan three months from the due dateor default in payment of interest /principal;	If any monies due in respect of the Debentures are not paid onthe respective due dates, such monies shall carry furtherinterest at the rate of 5% (Five Percent) per annum above theInterest Rate, computed from the relevant due date up to thedate on which such monies are paid or realised by the holder(s)of the Debentures.
Details of any letter or commentsregarding payment/non-payment ofinterest, principal on due dates, orany other matter concerning thesecurity and /or the assets along withits comments thereon, if any;	N.A.
details of redemption of preferencesharesindicatingthemannerofredemption (whether out of profits orout of fresh issue) and debentures	N.A.