By Wendy Van Sickle
Columbus, Ohio, Dec. 29 – Capital First Ltd.’s board of directors’ debenture committee approved the allotment of Rs. 3 billion of 8.15% three-year secured redeemable nonconvertible debentures, according to a Bombay Stock Exchange notice.
The 3,000 debentures, which will be rated and listed, will be issued in a private placement at a price of Rs. 1 million each.
The notes will be listed on the National Stock Exchange of India Ltd.
Capital First is a Mumbai-based consumer and wholesale financial services provider.
Issuer: | Capital First Ltd.
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Issue: | Secured redeemable nonconvertible debentures
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Amount: | Rs. 3 billion
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Maturity: | Dec. 27, 2019
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Coupon: | 8.15%
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Allotment date: | Dec. 29
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