Linklaters has advised a manager on Capri Global Capital Limited’s inaugural US$300m international bond offering.
The offering comprised 7.55% senior secured notes due 2029 issued under Capri Global Capital’s US$1bn global medium term note programme. The notes were offered under Regulation S and Rule 144A and are listed on India International Exchange (IFSC) Limited and NSE IFSC Limited.
The transaction represents Capri Global Capital’s first US dollar bond issuance and marks an important step in diversifying its funding sources across domestic and international capital markets.
Capri Global Capital is a retail-focused non-banking financial company listed on the BSE and NSE.
The Linklaters team was led by partner and Head of India Practice Amit Singh and capital markets partner Xunming Lim,, with support from Anandee Banerji, Cheryl Kwok and Geeta Vasnani.
Amit Singh, partner and Head of India Practice at Linklaters, commented:
“The increasing use of GIFT City for international debt listings provides Indian issuers with another route to diversify their funding sources and reach global investors. Having advised on a substantial majority of international bond issuances from India in recent months, we are pleased to draw on our cross-border debt capital markets experience to support our client on Capri Global Capital’s successful debut international bond issuance.”
With more than 50 years of on-the-ground experience in Asia, Linklaters has an established track record of advising on India-related capital markets transactions, including international bond offerings by Indian financial institutions and leading equity offerings across diverse sectors.
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