Committee approves terms of proposed USD 30,000,000 dollar-denominated bond issue
Committee approved terms for proposed USD 30,000,000 bond issue.
By ScoutQuest · · 2 min read
- Aggregate Issue Size
- up to USD 30,000,000
- Face Value per Bond
- USD 10,000 (up to 3,000 bonds)
- Coupon / Tenure
- 240 bps + 6-month CME Term SOFR; 36-month tenure
What was approved
The Management Committee of Capri Global Capital Ltd, by Circular Resolution No. MC-04/2026-27 passed on October 19, 2026 at 12:10 p.m., approved the terms and conditions of a proposed issuance and allotment of foreign currency bonds, and the proposed appointment of a registrar and transfer agent for that issue. The resolution follows earlier Board and shareholder approvals.
The instrument
- Up to 3,000 senior, secured, rated, listed, redeemable, United States Dollar denominated non-convertible bonds.
- Face value of USD 10,000 each.
- Aggregate nominal value of up to USD 30,000,000/-.
- To be issued at par, in dematerialised form, on a private placement basis to certain identified investor(s).
Pricing and tenure
- Coupon: 240 basis points plus the 6 months CME Term SOFR.
- Coupon payable on a semi-annual basis.
- Maturity: the date falling at the expiry of 36 months from the Deemed Date of Allotment.
The coupon is expressed as a spread over a benchmark rate rather than as a fixed percentage, so the amount paid will be linked to that benchmark.
What secures the bonds
The bonds shall be secured by way of a first ranking, pari-passu and continuing charge by way of hypothecation over certain identified receivables of the Company.
Default clause
If there is a payment default, an additional interest rate of 2% per annum above the Interest Rate on the outstanding principal amount is payable by the Company.
Listing and registrar
- The bonds are proposed to be listed on India International Exchange IFSC Limited and/or NSE IFSC Limited.
- India International Depository IFSC Limited has been proposed as the registrar and transfer agent, effective from the date of execution of the RTA agreement, with a tentative execution window of October 19, 2026 to October 25, 2026.
How a retail investor may read this
- This is a borrowing, not an equity issue: no new shares are being issued, so the transaction does not change the number of shares in the company.
- Every figure above is in US dollars. Both the interest and the principal on these bonds are payable in that currency.
- The rate is a floating one, set as a fixed spread of 240 basis points over a benchmark, so the cost of this borrowing moves with that benchmark.
- The bonds are described as secured against identified receivables of the company, and the terms spell out a higher interest charge of 2% per annum if payment is defaulted.
- The instrument is described as senior, secured, rated, listed and redeemable, with a 36-month life.
Also from Capri Global Capital
Capri Global to host Q2 & H1 FY27 earnings conference call on October 29, 2026 at 4:00 PM IST
23 Oct 2026
Terms finalised for proposed USD 30,000,000 non-convertible bond issue; registrar appointed
19 Oct 2026
Board Meeting on October 27, 2026 to Consider Unaudited Q2/H1 Results
15 Oct 2026
More numbers
- Bonds proposed to be issuedUp to 3,000 (Three Thousand)
- Face value per bondUSD 10,000 (United States Dollars Ten Thousand only)
- Size of the issueUp to USD 30,000,000/- (United States Dollars Thirty Million only)
- Tenure of the bonds36 (Thirty-Six) months
- Coupon over benchmark240 (Two Hundred and Forty) basis points
- Additional interest on payment default2% (Two Percent) per annum
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