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Published on 5/31/2016 in the Prospect News Emerging Markets Daily.

New Issue: India’s Capital First prices Rs. 1 billion of secured debentures

By Susanna Moon

Chicago, May 31 – Capital First Ltd. notified the Bombay Stock Exchange that it issued Rs. 1 billion of secured debentures in three tranches with a Rs. 1 billion greenshoe.

The issue includes 9.05% three-year notes, 9.1% five-year notes and 9.1% seven-year notes.

The notes, which will be rated and listed, were issued in a private placement, according to a notice.

The issue was approved at board meeting held Tuesday.

Capital First is a Mumbai, India-based consumer and wholesale business financial services provider.

Issuer:Capital First Ltd.
Issue:Secured debentures
Amount:Rs. 1 billion
Greenshoe:Rs. 1 billion
Settlement date:May 31
Tranche 1
Maturity:May 31, 2019
Coupon:9.05%
Tranche 2
Maturity:May 31, 2021
Coupon:9.1%
Tranche 3
Maturity:May 31, 2023
Coupon:9.1%

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