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Capri Global raises USD 300 million in debut dollar bonds
The Hindu BusinessLine··2 Sept
NBFC Capri Global Capital said it completed its first US dollar bond issue, raising USD 300 million for growth. The Senior Secured Notes mature in 2029 and carry a 7.55 percent coupon. Capri said the issue was oversubscribed over 2.3 times, with orders above USD 700 million from 64 accounts. Rajesh Sharma called the response a validation of credit strength.
Prism
What It Means For You
- The notes add an international funding pool beside Capri's domestic capital sources.
- Proceeds are earmarked for business growth, the company said in its statement.
- A 7.55 percent annual coupon applies through the 2029 maturity.
What's Happening
- Capri described the sale as its first-ever US dollar bond issuance.
- The order book exceeded USD 700 million across 64 high-quality accounts, it said.
- Sharma said the deal diversifies funding across domestic and global capital pools.
What The Bond Terms Are
- The instrument is labelled Senior Secured Notes maturing in 2029.
- Oversubscription was reported at over 2.3 times the USD 300 million issue size.
- Capri Global Capital is a non-banking financial company announcing the raise on September 2.
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