Capri Global Capital
is set to raise ₹500 crore ($54.05 million)
through its maiden public bond issue, offering investors returns
as high as 9.50 per cent, according to a termsheet seen by Reuters.
The non-banking finance company plans to issue bonds with
maturities of two, three, five and 10 years. For the three-year
and five-year options, investors can also choose a monthly
interest payout.
The company will offer annual coupon rates of 9.00 per cent for
two-year bonds, 9.15 per cent for three-year bonds, 9.30 per cent for five-year
bonds and 9.50 per cent for 10-year bonds.
For those opting for monthly payouts, the rates are slightly
lower: 8.80 per cent for three-year bonds and 8.93 per cent for five-year bonds,
resulting in effective yields of 9.15 per cent and 9.30 per cent, respectively.
This issuance marks the first tranche of a larger plan, with
Capri Global Capital aiming to raise ₹2,000 crore through
public issue of bonds, merchant bankers said.
The bonds have received an AA rating from Acuite Ratings and
Infomerics Valuation, and are scheduled to open for subscription
on April 15.
In the broader market, Indian companies raised approximately ₹10,700 crore through public debt issues in the previous
financial year, up from ₹8,150 crore in fiscal 2025.
($1 = 92.5030 Indian rupees)