Capri Global Plans Maiden $300M Dollar Bond to Fuel Growth

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AuthorVihaan Mehta|Published at:
Capri Global Plans Maiden $300M Dollar Bond to Fuel Growth
Overview

Capri Global Capital Ltd. is planning its first dollar-denominated bond issuance, aiming to raise between $200 million and $300 million. This move signals an effort to diversify funding sources and support the expansion of its loan book amidst growing credit demand in India. Banks including Deutsche Bank, Barclays, and Citigroup are advising on the transaction, with the deal anticipated in March or April.

Indian non-bank finance companies are increasingly turning to international capital markets to fuel their expansion. Capri Global Capital Ltd. is poised to make its debut in this arena with a planned dollar bond sale targeting between $200 million and $300 million. This strategic move aims to diversify its funding base and meet escalating demand for credit across India.
The Mumbai-based lender has engaged major financial institutions, including Deutsche Bank AG, Barclays Plc, and Citigroup Inc., to manage the transaction. While mandates are not yet formally announced, the debt is likely to have a three-year tenor. The timing of the issuance, anticipated for March or April, remains contingent upon securing credit ratings and prevailing borrowing costs.
This offshore fundraising effort by Capri Global occurs as Indian borrowers saw a dip in dollar bond sales in 2025, totaling $8.4 billion compared to $13.3 billion the previous year, according to Bloomberg data. Non-bank lenders are expected to drive future issuance, seeking to bridge funding gaps and capitalize on credit growth opportunities.

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