India, Sept. 2 -- Capri Global Capital Limited has successfully completed its maiden US dollar bond issuance, raising $300 million through Senior Secured Notes maturing in 2029.
The bonds were priced at a 7.55% annual coupon and the issue was oversubscribed more than 2.3 times, with the order book exceeding $700 million from 64 investors.
The issuance was managed by Barclays, Citi, Deutsche Bank, Emirates NBD and UBS. Allocation was led by investors from the US (49%), Asia (39%) and EMEA (12%), while asset and fund managers accounted for 91% of the investor base.
The company said the successful issuance will help diversify its funding sources across domestic and international markets and support its growth and expansion plans.
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