By Wendy Van Sickle
Columbus, Ohio, May 18 – Capital First Ltd.’s board of directors approved and allotted Rs. 500 million three-year 8.35% secured redeemable nonconvertible debentures on Thursday, according to a Bombay Stock Exchange notice.
There is also a Rs. 500 million greenshoe option.
The debentures, which will be rated and listed, will be issued in a private placement.
The debt will be listed on 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. 500 million
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| Greenshoe: | Rs. 500 million
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| Coupon: | 8.35%
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| Maturity: | May 18, 2020
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| Allotment date: | May 18
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