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Published on 6/30/2016 in the Prospect News Emerging Markets Daily.

New Issue: India’s Capital First prices Rs. 300 million of secured debentures

By Wendy Van Sickle

Columbus, Ohio, June 30 – Capital First Ltd. notified the Bombay Stock Exchange that it issued Rs. 300 million of secured nonconvertible debentures in two tranches with a Rs. 300 million greenshoe.

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

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

Issuer:Capital First Ltd.
Issue:Secured nonconvertible debentures
Amount:Rs. 300 million
Greenshoe:Rs. 300 million
Settlement date:June 30
Tranche 1
Maturity:June 28, 2019
Coupon:9.05%
Tranche 2
Maturity:June 30, 2021
Coupon:9.1%

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