By Sarah Lizee
Olympia, Wash., April 26 – Capital First Ltd. informed the Bombay Stock Exchange that its debenture committee met on Thursday to approve an issue of Rs. 3.4 billion of secured redeemable nonconvertible debentures.
The debentures, which mature on May 15, 2023, will be issued by way of private placement.
The coupon has yet to be decided and will be in the range of 8.2% to 8.35%. Interest will be payable semiannually.
Capital First is a Mumbai, India-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
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| Description: | Rated unlisted secured redeemable nonconvertible debentures
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| Amount: | Rs. 3.4 billion
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| Coupon: | 8.2% to 8.35%
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| Maturity: | May 15, 2023
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| Approval date: | April 26
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| Allotment date: | May 3
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