Capital First has received an approval for issue of Rated, Listed, Secured, Redeemable, Non-Convertible Debentures (NCDs) worth Rs 500 crore on private placement basis. The Debenture Committee constituted by the board of directors of the company at its meeting held on January 17, 2017, has approved for the same.
The said issues will be listed on National Stock Exchange (NSE). The tenor of the issue is 3 years, with date of allotment on January 17, 2017, while date of maturity is January 17, 2020. The coupon/interest offered will be 8.35% per annum payable annually and on the date of redemption.
Capital First is an MSME and consumer financing company which provides debt financing to these segments and also offers home loans, two wheeler loans and durable loans to entry and mid-level salaried employees of corporates.
