By Tali Rackner
Norfolk, Va., July 18 – Capital First Ltd. informed the Bombay Stock Exchange that its board of directors approved an issue of Rs. 1 billion of secured nonconvertible debentures with a Rs. 1 billion greenshoe.
The issue will include 9.01% debentures due 2018, 9.05% debentures due 2019, 9.1% debentures due 2021 and 9.15% debentures due 2023.
The debentures, which will be rated and listed, will be issued in a private placement at a price of Rs. 1 million each, according to a notice.
The issue was approved at board meeting held Monday.
The notes will be listed on the wholesale debt segment of the National Stock Exchange of India Ltd.
Capital First is a Mumbai-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
|
| Issue: | Secured nonconvertible debentures
|
| Amount: | Rs. 1 billion
|
| Greenshoe: | Rs. 1 billion
|
| Approval date: | July 18
|
| Allotment date: | July 19
|
|
|
| Tranche 1
|
| Maturity: | June 29, 2018
|
| Coupon: | 9.01%
|
|
|
| Tranche 2
|
| Maturity: | July 19, 2019
|
| Coupon: | 9.05%
|
|
|
| Tranche 3
|
| Maturity: | July 19, 2021
|
| Coupon: | 9.1%
|
|
|
| Tranche 4
|
| Maturity: | July 19, 2023
|
| Coupon: | 9.15%
|
|
|
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