India’s Capital First issues Rs. 250 million in tier II debentures

By Tanya Meyer

Chicago, Dec. 15 – Capital First Ltd. informed the Bombay Stock Exchange that it has raised Rs. 250 million by issuing redeemable, unsecured, non-convertible subordinated tier II debentures (NCDs).

The debentures, with a face value of Rs. 1 million each, were issued on a private placement basis, according to a news release.

The NCDs will be listed on the Wholesale Debt Segment of the National Stock Exchange of India Ltd.

Capital First is a Mumbai-based financial services provider to consumer and wholesale businesses.

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