Capital First to raise Rs 100 crore via private placement

Financial institution Capital First will raise Rs 100 crore by issuing non-convertible debentures (NCDs) on a private placement basis.

The board of directors at a meeting held today approved issuance of secured and redeemable NCDs of Rs 25 crore, plus a greenshoe option of Rs 75 crore on a private placement basis, the company said in a regulatory filing.

The bonds will be available in three tenures -- 3, 5 and 10 years -- with coupon rates of 8.65 per cent, 8.70 per cent and 8.75 per cent, respectively.

The stock closed 1.37 per cent higher at Rs 678.85 on BSE.