By Tali Rackner
Norfolk, Va., Sept. 14 – Capital First Ltd. informed the Bombay Stock Exchange that it approved an issue of Rs. 750 million of secured redeemable nonconvertible debentures in two tranches.
The debentures, which will be rated and listed, will be issued in a private placement at a price of Rs. 1 million each.
The first tranche will have a coupon of 8.65% and a tenor of three years, maturing on Sept. 13, 2019. The second tranche will have a coupon of 8.7% and a tenor of five years, maturing on Sept. 15, 2021.
There is a greenshoe option for an additional Rs. 1.5 billion.
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 redeemable nonconvertible debentures
|
| Amount: | Rs. 750 million
|
| Greenshoe: | Rs. 1.5 billion
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| Approval date: | Sept. 14
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| Allotment date: | Sept. 15
|
|
|
| Tranche 1
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| Coupon: | 8.65%
|
| Tenor: | Three years
|
| Maturity: | Sept. 13, 2019
|
|
|
| Tranche 2
|
| Coupon: | 8.7%
|
| Tenor: | Five years
|
| Maturity: | Sept. 15, 2021
|
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