By Sarah Lizee
Olympia, Wash., June 6 – Capital First Ltd. informed the Bombay Stock Exchange that its debenture committee met on Wednesday to approve an issue of Rs. 500 million of 9.1% unsecured redeemable nonconvertible debentures with a Rs. 500 million greenshoe.
The rated and listed debentures will be issued by way of private placement.
The issue will include two options. The first option will have a six-year tenor and will mature on June 7, 2024, while the second option will have a seven-year tenor and will mature on June 6, 2025.
Capital First is a Mumbai, India-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
|
| Description: | Unsecured redeemable nonconvertible debentures
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| Amount: | Rs. 500 million
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| Greenshoe: | Rs. 500 million
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| Coupon: | 9.1%, payable annually
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| Approval date: | June 6
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| Allotment date: | June 7
|
|
|
| Option 1
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| Maturity: | June 7, 2024
|
|
|
| Option 2
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| Maturity: | June 6, 2025
|
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