First Capital Holdings PLC yesterday revealed plans to raise up to Rs.2 billion via a listed debt issue.
The company initially plans to issue 10 million listed, rated, senior, unsecured, redeemable debentures at a par value of Rs.100 with an option to issue up to a further 10 million of the said debentures in the event of an oversubscription of the initial issue.
The official opening of the issue’s subscription list will be on February 1, 2021. The Joint Managers to the issue are First Capital Limited and People’s Bank Investment Banking Unit.
Registrar to the issue is SSP Corporate Services Private Limited.
First Capital said it has received approval in principle to list the said debentures on the CSE.