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 existing U.S.$1,000,000,000 Global Medium Term Note Programme. The approval also covers the pricing, tenure, and other terms of the notes, along with the drafts of related documents. The notes are intended to be listed on India INX and NSE IFSC.
Capri Global Capital Approves Senior Secured Notes Issuance
Capri Global Capital Limited (the “Company”) has announced a significant step in its capital-raising strategy. The management committee of the Board of Directors has approved, via a circular resolution dated September 01, 2026, the issuance of U.S.$300,000,000 in aggregate principal amount of 7.55% Senior Secured Notes due 2029 (the “Notes”).
GMTN Programme and Regulatory Compliance
These notes are to be issued under the Company’s established U.S.$1,000,000,000 Global Medium Term Note Programme (the “GMTN Programme”). The issuance will be conducted pursuant to Regulation S and Rule 144A of the U.S. Securities Act of 1933, as amended. This action aligns with applicable provisions of the LODR Regulations.
Key Terms and Listing Details
The approved terms include the pricing, tenure, and other conditions for the notes. Additionally, the committee has approved the drafts of critical documents such as the pricing supplement and the subscription agreement. The pricing supplement will be submitted to the India International Exchange (IFSC) Limited (“India INX”) and NSE IFSC Limited (“NSE IFSC”). The Notes are slated to be listed on the Global Securities Market segment of both India INX and NSE IFSC.
Details of the Notes
The notes carry a fixed coupon of 7.55% per annum and have a tenure of 3 Years WAL. The allotment date is scheduled for September 09, 2026, with a maturity date of December 09, 2029. The proceeds from the issuance are intended for activities permitted under RBI regulations, such as onward lending, in accordance with applicable approvals and guidelines. The notes are expected to be rated “Ba3” by Moody’s and “BB-” by Fitch.
The security created over the assets includes a first-ranking pari passu charge by way of hypothecation over all standard receivables, book debts, principal amounts and interest, costs, charges, including the loan book, un-encumbered cash and bank balance, and investments made by the Issuer in mutual funds, debt securities, bonds, and term deposits.
Source: BSE
