CreditAccess Grameen lines up $175 million overseas loan from DBS, Standard Chartered and others
CreditAccess Grameen is in advanced discussions to raise $175 million from a group of international lenders, including DBS and Standard Chartered, as it looks to strengthen its liability profile and diversify funding sources. The proposed external commercial borrowing is expected to support a larger share of the lenderโs annual borrowing needs, even as hedging costs rise but remain manageable, according to financial officials.
