Debt financing
NBFC Capri Global Capital to raise $500-M via offshore bonds
Economic Times Capri Global Capital’s
Mumbai-based non-banking financial company (NBFC) Capri Global Capital plans to enter the international debt market for the first time, aiming to raise between USD 300 million and USD 500 million through offshore bonds. The company has appointed Barclays, Citigroup, Deutsche Bank, Emirates NBD, and UBS to organize investor meetings across Asia, Europe, and the US.Capri Global Capital’s proposed fundraising will be executed as a benchmark-sized issuance under its existing USD 1-B Global Medium Term Note programme. The debt is expected to be issued as senior secured notes with a weighted average life of approximately 3.25 years.
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