By Tali Rackner
Norfolk, Va., Sept. 20 – Capital First Ltd. informed the Bombay Stock Exchange that it approved an issue of Rs. 250 million of secured redeemable nonconvertible debentures in three options.
The debentures, which will be rated and listed, will be issued in a private placement at price of Rs. 1 million each.
The first option will have a coupon of 8.65% and a tenor of three years, maturing on Sept. 20, 2019. The second option will have a coupon of 8.7% and a tenor of five years, maturing on Sept. 20, 2021. The third option will have a coupon of 8.75% and a tenor of 10 years, maturing on Sept. 18, 2026.
There is a greenshoe option for an additional Rs. 750 million.
The notes will be listed on the wholesale debt segment of the National Stock Exchange of India Ltd.
Capital First is a Mumbai, India-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
|
| Issue: | Secured redeemable nonconvertible debentures
|
| Amount: | Rs. 250 million
|
| Greenshoe: | Rs. 750 million
|
| Allotment date: | Sept. 20
|
|
|
| Option 1
|
| Coupon: | 8.65%
|
| Tenor: | Three years
|
| Maturity: | Sept. 20, 2019
|
|
|
| Option 2
|
| Coupon: | 8.7%
|
| Tenor: | Five years
|
| Maturity: | Sept. 20, 2021
|
|
|
| Option 3
|
| Coupon: | 8.75%
|
| Tenor: | 10 years
|
| Maturity: | Sept. 18, 2026
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
