NBFC firm Capital First said it will raise Rs 500 crore by issuing non-convertible debentures (NCDs) on private placement basis.
The Debenture Committee of the company’s board today in a meeting approved the issue.
“The Debenture Committee…Has approved a issue of rated, listed, secured, non-convertible debentures of Rs 500 crore on private placement basis,” it said in a regulatory filing.
Bearing coupon rate of 8.35 per cent per annum, the bonds are set to mature on January 17, 2020.
Stock of the company traded 0.46 per cent down at Rs 607.65 on BSE.