By Tali Rackner
Minneapolis, July 6 – IndoStar Capital Finance Ltd. informed the Bombay Stock Exchange that the debenture committee of its board of directors approved and allotted Rs. 100 million of secured principal-protected redeemable nonconvertible debentures.
The 100 series XXX tranche C debentures were issued on a private placement basis.
The rated and listed debentures will bear interest at a minimum of 9.05% and a maximum of 9.1%; in each case, the annualized return is calculated on an XIRR basis.
The debentures will be listed on the wholesale debt market segment on the BSE Ltd.
IndoStar Capital is a Mumbai-based non-banking financial credit company.
| Issuer: | IndoStar Capital Finance Ltd.
|
| Issue: | Secured principal-protected redeemable nonconvertible debentures
|
| Amount: | Rs. 100 million
|
| Tenor: | 717 days
|
| Maturity: | June 21, 2020
|
| Coupon: | Between 9.05% and 9.1%
|
| Allotment date: | July 5
|
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