Capri Global Capital Limited announced its Management Committee has approved the issuance of up to 3,000 senior, secured, rated, listed, redeemable, US Dollar denominated non-convertible bonds. The total aggregate nominal value of these bonds will be up to USD 30,000,000. The issuance will be conducted on a private placement basis to identified investors, with India International Depository IFSC Limited appointed as the registrar and transfer agent.
Capri Global Capital Approves Bond Issuance
Capri Global Capital Limited has received approval from its Management Committee for a significant fundraising initiative. At a meeting held on October 19, 2026, the committee resolved to approve the terms and conditions for the proposed issuance of up to 3,000 non-convertible bonds.
Bond Details and Size
These instruments are characterized as senior, secured, rated, listed, and redeemable, denominated in United States Dollars. Each bond will have a face value of USD 10,000, bringing the total aggregate nominal value to a maximum of USD 30,000,000 (Thirty Million United States Dollars). The bonds are to be issued at par and will be in a dematerialized form. The issuance will be conducted through a private placement basis targeting certain identified investors.
Listing and Registrar Appointment
The bonds are proposed to be listed on the India International Exchange IFSC Limited and/or NSE IFSC Limited. Furthermore, the Management Committee approved the appointment of India International Depository IFSC Limited as the registrar and transfer agent for this proposed issuance. The effective date for the registrar and transfer agent agreement is tentatively set between October 19, 2026, and October 25, 2026.
Key Terms and Conditions
The tenure of the instrument is set at 36 months from the Deemed Date of Allotment. The coupon/interest offered is 240 basis points plus the 6 months CME Term SOFR, with coupon payments scheduled on a semi-annual basis. The bonds will be secured by a first-ranking, pari-passu charge over certain identified receivables of the Company. In case of a payment default, an additional interest rate of 2% per annum above the prevailing interest rate will be applicable on the outstanding principal.
Source: BSE
