By Sarah Lizee
Olympia, Wash., March 22 – Capital First Ltd. informed the Bombay Stock Exchange that its debenture committee met on Thursday to issue Rs. 750 million of 9.1% secured redeemable nonconvertible debentures due 2021 with a greenshoe option for up to Rs. 750 million.
The rated debentures will be listed on the debt segment of the National Stock Exchange of India Ltd.
In a separate notice, the company said its debenture committee will meet on Tuesday to consider and approve a private placement of redeemable nonconvertible debentures.
The rated and listed debentures will be secured, unsecured and/or perpetual.
Capital First is a Mumbai, India-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
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| Description: | Secured redeemable nonconvertible debentures
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| Amount: | Rs. 750 million
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| Greenshoe: | Rs. 750 million
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| Coupon: | 9.1%
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| Maturity: | May 31, 2021
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| Tenure: | 1166 days
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| Allotment date: | March 22
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