Home / Business and Economy / India Inc. Eyes $300M Dollar Bond Amid Credit Demand
India Inc. Eyes $300M Dollar Bond Amid Credit Demand
4 Feb
Summary
- Capri Global Capital Ltd. plans a $200M-$300M dollar bond sale.
- Proceeds will fund lending to meet growing credit demand.
- The deal is expected in March or April, subject to ratings.
Capri Global Capital Ltd., an Indian financial institution, is exploring its inaugural dollar bond issuance, potentially raising between $200 million and $300 million. This strategic move is driven by the rising demand for credit across India and the company's objective to diversify its funding channels.
Currently, Capri Global is in the process of obtaining credit ratings and has engaged with several prominent banks, including Deutsche Bank AG, Barclays Plc, and Citigroup Inc., for the transaction. The debt is anticipated to have a tenor of three years. The issuance is eyed for March or April, with the final timing dependent on the ratings outcome and prevailing market borrowing costs.
This initiative by Capri Global aligns with a broader trend among India's non-bank finance companies, which are increasingly turning to capital markets to finance credit growth. The article also notes that dollar bond sales by Indian borrowers saw a decrease in 2025 compared to the previous year, according to Bloomberg data.
