By Tali Rackner
Minneapolis, July 9 – Capital First Ltd. informed the Bombay Stock Exchange that its debenture committee met on Monday and approved an issue of Rs. 500 million of 9% secured redeemable nonconvertible debentures.
The debentures, which mature on July 9, 2021, will be issued by way of private placement.
There is a Rs. 500 million greenshoe option.
The debt will be issued on the National Stock Exchange of India.
Capital First is a Mumbai, India-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
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| Description: | Rated listed secured redeemable nonconvertible debentures
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| Amount: | Rs. 500 million
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| Greenshoe option: | Rs. 500 million
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| Coupon: | 9%
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| Maturity: | July 9, 2021
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| Approval date: | July 9
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| Allotment date: | July 10
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