Capri Global Capital Limited’s management committee has approved the issuance of U.S.$300,000,000 aggregate principal amount of 7.55% Senior Secured Notes due 2029. These notes will be issued under the company’s U.S.$1,000,000,000 GMTN Programme. The approval also covers the pricing, tenure, and other terms of the notes, along with the submission of related documents for listing on India INX and NSE IFSC.
Capri Global Capital Approves Major Note Issuance
Capri Global Capital Limited has announced a significant development in its financing strategy, with its management committee approving the issuance of U.S.$300,000,000 in aggregate principal amount of 7.55% Senior Secured Notes due 2029. This approval was granted via a circular resolution on September 01, 2026.
Global Medium Term Note Programme Expansion
The newly approved notes will be issued under the company’s existing U.S.$1,000,000,000 (United States Dollars one billion) global medium term note programme. This issuance is structured to comply with Regulation S and Rule 144A of the U.S. Securities Act of 1933, as amended.
Key Approvals and Listings
The management committee’s resolution also encompassed the approval of the pricing, tenure, and other essential terms for these notes. Furthermore, the committee approved the drafts of crucial documents, including the pricing supplement and the subscription agreement. Importantly, the company will proceed with the submission of the pricing supplement for listing the notes on both the India International Exchange (IFSC) Limited (India INX) and NSE IFSC Limited (NSE IFSC). The details of the notes are further elaborated in Annexure A.
Note Details Summarized
The notes will carry a fixed rate of 7.55% per annum and mature in 3 years. The expected credit ratings are “Ba3” by Moody’s and “BB-” by Fitch. Security for the notes will be a first-ranking pari passu charge over the company’s receivables and cash balances. The proceeds from this issuance are intended for onward lending activities, as permitted by RBI regulations.
Settlement and Listing Information
The pricing date for these notes is set for September 01, 2026, with the closing and settlement date scheduled for September 09, 2026. The maturity date for the notes is December 09, 2029. The notes will be listed on the Global Securities Market segment of India INX and NSE IFSC.
Source: BSE
