Credit Saison India raises maiden NCD of Rs 200 crore

Credit Saison India, a technology-led non-banking financial corporation, said it has successfully raised its first issuance of non-convertible debentures (NCDs) of Rs 200 crore via private placement basis on Tuesday. This maiden issuance has a fixed coupon rate of 7.95% per annum for three years. The NCD issue has been listed on NSE.

“While Credit Saison India’s growth has been enabled by the continuous equity support from its parent entity and a strong lender base, our entry into debt capital markets will further diversify our liability profile,” said Presha Paragash, CEO and full-time Director of Credit Saison India.

Credit Saison India has a well-diversified portfolio with an AUM of Rs 7,200 crore in the consumer and SME segment. As of June 30, 2023, CS India had 32 branches in Tier-1 and Tier-2 cities.


Over the last two years, Credit Saison India has raised almost Rs 10,000 crore from major Japanese, PSU, private, and foreign banks. This first issuance of NCD amounting to Rs 200 crore will pave the way for further market issuances, including commercial papers.