By Tali Rackner
Norfolk, Va., Oct. 27 – Capital First Ltd. informed the Bombay Stock Exchange that it approved an issue of Rs. 2.5 billion of secured redeemable nonconvertible debentures in three options.
There is a greenshoe option for an additional Rs. 1.5 billion.
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 8.5% and mature on Sept. 30, 2019. The second option will have a coupon of 8.5% and mature on Oct. 28, 2019. The third option will have a coupon of 8.55% and mature on Oct. 28, 2021.
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.
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Issue: | Secured redeemable nonconvertible debentures
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Amount: | Rs. 2.5 billion
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Greenshoe: | Rs. 1.5 billion
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Allotment date: | Oct. 28
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Option 1
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Coupon: | 8.5%
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Tenor: | Two years, 11 months and four days
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Maturity: | Sept. 30, 2019
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Option 2
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Coupon: | 8.5%
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Tenor: | Three years
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Maturity: | Oct. 28, 2019
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Option 3
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Coupon: | 8.55%
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Tenor: | Five years
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Maturity: | Oct. 28, 2021
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