Report
CreditAccess Grameen seeks $175 million loan from overseas lenders
The Economic Times reports DBS and Standard Chartered acted as joint arrangers for the deal.
TLDR
The Economic Times reports CreditAccess Grameen is seeking a $175 million syndicated social loan from overseas lenders, including DBS, Standard Chartered and Korea Development Bank. CFO Nilesh Dalvi said the company aims to meet 15–20% of its annual borrowing needs through external commercial borrowing to diversify its funding.
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