Capital First issues a variety of financial instruments
DSIJ Intelligence / 17 Mar 2017
Capital First, a leading financial institution of India approved the issuance of rated, listed, secured, redeemable, non-convertible debentures (NCDs) of worth Rs 75 crore along with a green shoe option of Rs 1.25 crore on a private placement basis.
Capital First, a leading financial institution of India approved the issuance of rated, listed, secured, redeemable, non-convertible debentures (NCDs) of worth Rs 75 crore along with a green shoe option of Rs 1.25 crore on a private placement basis.
The approved issuances was allotted on March 14, 2017 and will expire on March 13, 2020, completing a tenure of 3 years. The cited instruments will offer a coupon/interest rate of 8.41 per cent, payable annually and on redemption. While, any delay in the payment of the interest/principal will result in an imposition of 2 per cent interest per annum in addition to the pre-decided interest percentage.
The stock of the company has generated a return of 71 per cent, overpowering the BSE mid-cap and Nifty financial services indices over the same time period.
At present, the company is trading at Rs 688.6, increased by Rs 6.9 or 1.01% from its previous day closing value of Rs 681.7 on the BSE. While, the stock is trading above its 50 DMA.
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