Capri Global Capital Plans US Dollar Bond Issue as AUM Reaches ₹40,110 Crore
Capri Global Capital Plans Senior Secured US Dollar Bond Drawdown
Non-Banking Financial Company (NBFC) Capri Global Capital Limited has released its latest investor presentation, detailing plans for an upcoming issuance of fixed-rate, Senior Secured US Dollar bonds. The proposed bond issue will be a drawdown from the company’s USD 1 Billion Global Medium Term Note (GMTN) Program, targeted for listing on the India International Exchange (IFSC) Limited and USE IFSC Limited.
The proposed bond offering carries an expected issuer rating of BB- (Stable) by Fitch and Ba3 (Stable) by Moody’s. The proceeds from the transaction will be utilized in compliance with Reserve Bank of India (RBI) guidelines and External Commercial Borrowings (ECB) framework, primarily for onward lending activities.
Key Details of the US Dollar Bond Issue
- Issuer: Capri Global Capital Limited
- Structure: 144A / Reg S, Fixed Rate Senior Secured US$ Bonds
- Program Limit: Drawdown of USD 1 Billion from the GMTN Program
- Tenor: Weighted Average Life (WAL) of 3 Years
- Security: First-ranking pari passu charge over standard receivables, cash, and bank balances
- Joint Global Coordinators & Bookrunners: Barclays, Citigroup, Deutsche Bank, Emirates NBD, and UBS
- Listing Venues: India IN and USE IFSC Limited
Operational Strength & Balance Sheet Highlights
Along with the debt issuance structure, Capri Global Capital Limited highlighted its robust financial position and expanding operational footprint as of June 30, 2026:
- Assets Under Management (AUM): Reached ₹401,108 million (₹40,110+ crore), reflecting a 60% Year-on-Year growth.
- Branch Network: Expanded to 1,433 branches across India, focusing on Tier 2, 3, and 4 cities.
- Asset Quality Discipline: Gross NPA stood at 1.1%, while Net NPA remained controlled at 0.6%.
- Covenants: Net NPA maintenance covenant capped at 5%, with a minimum Capital Adequacy Ratio (CAR) of 15%.
The company continues to strengthen its retail-focused, granular portfolio catering to underserved MSME, housing loan, and gold loan segments across semi-urban and rural regions.