By Susanna Moon
Chicago, July 10 – Capital First Ltd. notified the Bombay Stock Exchange that it plans to issue Rs. 500 million of 9% secured redeemable debentures due 2021 with a greenshoe for up to Rs. 1.5 billion.
The issue by way of private placement was approved at a committee meeting on Tuesday, according to the notice.
The notes will be listed and rated.
Capital First is a Mumbai, India-based consumer and wholesale business financial services provider.
| Issuer: | Capital First Ltd.
|
| Description: | Secured redeemable debentures
|
| Amount: | Rs. 500 million
|
| Greenshoe: | Rs. 1.5 billion
|
| Maturity: | July 9, 2021
|
| Coupon: | 9%
|
| Allotment date: | July 13
|
| Distribution: | Private placement
|
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