By Wendy Van Sickle
Columbus, Ohio, June 23 – Capital First Ltd.’s board of directors approved and allotted Rs. 250 million five-year 8¼% secured redeemable non-convertible debentures on Friday, according to a Bombay Stock Exchange notice.
There is also a Rs. 250 million greenshoe.
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-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
|
| Issue: | Secured redeemable non-convertible debentures
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| Amount: | Rs. 250 million
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| Greenshoe: | Rs. 250 million
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| Coupon: | 8¼%
|
| Maturity: | June 27, 2022
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| Allotment date: | June 23
|
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