Capri Global Raises US$ 300 Million in Maiden Dollar Bond Issuance
Capri Global Capital Limited, a leading Non-banking financial company, has successfully completed its inaugural US Dollar bond issuance, raising US$ 300 million through Senior Secured Notes maturing in 2029. The issue was significantly oversubscribed by over 2.3 times, with an order book exceeding US$ 700 million. The transaction, managed by a consortium of global banks including Barclays, Citi, Deutsche Bank, Emirates NBD, and UBS, priced at a coupon of 7.55% per annum. This debut issuance marks a strategic step for Capri Global to diversify its funding sources across domestic and global capital pools, with allocations led by the US (49%), Asia (39%), and EMEA (12%). The funds will support the company's sustainable expansion.
Key Highlights
- Capri Global successfully raised US$ 300 million via its first US Dollar bond issuance.
- The bond issuance was oversubscribed by 2.3x, with an order book exceeding US$ 700 million.
- The Senior Secured Notes mature in 2029 and carry a coupon of 7.55% per annum.
- This issuance diversifies funding sources and validates the company's credit strength.
Price Impact
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