India’s Capital First plans $150 million 9.25% debentures placement

By Devika Patel

Knoxville, Tenn., Nov. 29 ‑ Capital First Ltd. informed the Bombay Stock Exchange that it approved plans to issue $150 million of secured redeemable non-convertible debentures via private placement at a debenture committee meeting on Nov. 29.

The debentures will be sold in Indian rupees and will have up to a 9.25% coupon.

Capital First is a Mumbai, India-based consumer and wholesale business financial services provider.

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