Capital First (CFL) has received an approval for issue of Rated, Listed, Unsecured, Redeemable, Non-Convertible Subordinated Debentures (Tier II) of Rs 200 crore on private placement basis. The Debenture Committee constituted by the board of directors of the company at its meeting held on August 24, 2017 has approved for the same. The tenure of the instrument will be for 10 years and will mature on August 24, 2027. The debentures will offer interest of 8.25% per annum payable annually.
Capital First (CFL) 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.
