CreditAccess Grameen Ltd. has secured a USD 100 million multi-currency syndicated social loan facility, marking a first for India's microfinance sector. The ECB facility, comprising JPY and USD, was raised from banks in South Asia and the Far East. Standard Chartered Bank led the transaction, which adheres to CA Grameen's Social Loan Framework.

Vedanta Resources is in talks with lenders from the Middle East, Europe, and Japan to refinance a $550 million credit facility maturing in 2026. The refinancing aims to prepay a high-cost loan with an 18% coupon, potentially saving the company around $47 million with significantly lower interest rates. Discussions are underway with several banks to secure the new facility.

US-INDIA-DEBT-BONDS-India's REC gets nod to sell deep-discount debt for a second time, document shows

Adani Airports Holdings Ltd (AAHL) on Wednesday said it has raised $750 million via External Commercial Borrowings (ECB) from a consortium of international banks.

Coal India has filed DRHPs for IPOs of subsidiaries BCCL and CMPDI, both structured as offers for sale. Proceeds will go to Coal India. CMPDI posted strong FY25 results, aiming to boost market visibility. IPOs will list on NSE and BSE.

Under the new RBI guidelines, regulated entities such as NBFCs are prohibited from entering into default loss guarantee (DLG) arrangements for loans backed by credit guarantee schemes.

Jaiprakash Associates' lenders have approved a Rs 936.27 crore cash outflow for the current quarter to maintain operations amidst insolvency proceedings. The approved funds will cover operational and one-time expenses, ensuring the company remains a going concern. Simultaneously, the Enforcement Directorate initiated searches at the company's offices on May 23, with Jaiprakash Associates fully cooperating with the investigation.

In the absence of banks, which focus on loans of Rs 15-20 lakh, NBFCs are finding growth opportunities in the high yielding micro-LAP (loan-against property), which are sub-Rs 10 lakh loans. Industry executives said that there are growth opportunities given that the MSME sector remains starved for credit.

Data published by the Reserve Bank of India (RBI) Wednesday showed that external commercial borrowing (ECB) registrations by companies, including non-banking finance companies, stood at more than $11 billion in March. This took the total number to $61 billion for FY25, compared with $49 billion a year ago.

Jio Credit, a subsidiary of Jio Financial Services, has successfully raised ₹1,000 crore through its inaugural bond issuance to domestic investors. The bonds, with a tenor of two years and ten months, carry a coupon rate of 7.19%. The issue witnessed strong demand, being oversubscribed by three times, highlighting investor confidence.

Alternative finances and digital lending are gaining pace for credits to the Micro, Small and Medium Enterprise (MSME) sector, shows data from a survey by the Small Industries Development Bank of India (SIDBI).

Shapoorji Pallonji Group, an Indian conglomerate, is poised to finalize a $3.4 billion debt agreement, potentially India's largest private credit deal. Major investors like Ares Management and Cerberus Capital are participating, with Deutsche Bank arranging the zero-coupon rupee bond yielding 19.75%. This deal highlights the growth of India's private credit sector, fueled by infrastructure development under Prime Minister Modi.

Greaves Electric Mobility has received Sebi approval for its IPO, comprising a ₹1,000 crore fresh issue and an OFS of 18.9 crore shares. Proceeds will fund tech development, battery assembly, manufacturing expansion, acquisitions, and digitization efforts.

With one of the youngest entrepreneur bases in Asia-Pacific, India’s SME sector is well-positioned to drive sustained growth and innovation, says the 2025 edition of the Asia-Pacific Small Business Survey.

Despite the near-term challenges, banks and analysts anticipate that the stress in the microfinance segment will gradually subside, with a clearer recovery trend emerging in the latter half of FY26.

Motilal Oswal and Raamdeo Agrawal invested $100 million in Zepto through a secondary transaction, valuing the company at $5 billion. This move increases Zepto's domestic shareholding to over 35% as it prepares for an IPO. The founders' investment is part of a larger $350 million secondary share sale, attracting interest from other investors like Edelweiss and Hero Fincorp.

BluPine Energy secured Rs 376 crore in debt funding from Standard Chartered for its 100 MW solar power project in Gujarat. The project, undertaken by Solarcraft Power India 5, is expected to be commissioned in the first half of 2026. This initiative will significantly contribute to Gujarat's renewable energy goals and India's energy transition.

The 10.55 crore fully paid-up equity shares have been issued at a price of Rs 33 per share (including a premium of Rs 23 per share) aggregating to Rs 348.15 crore, it said.

Sundaram Home Finance aims to raise over Rs 6,000 crore in FY26 through various financial instruments. The company reported a 26% increase in net profit for the quarter ending March 31, 2025, and a 29% rise in disbursements for the full year. SHF is focusing on expanding into tier 2 and 3 towns to capitalize on growth opportunities.

Rakuten currently employs 4,000 people in India - 90% of whom are tech staff - and plans to recruit people who it considers "power users" of AI.