CreditAccess Grameen to raise $175 million overseas loans from DBS, Standard Chartered and others

CreditAccess Grameen is in the process of securing a $175 million loan from several international lenders. This funding will help enhance the company's liability profile and is essential for financial management. The company intends to raise a significant portion of its annual borrowing requirements through external commercial borrowings. Financial officials noted that current hedging costs are rising but manageable overall.