India’s Capri Global Mulls Maiden Dollar Bond Up to $300 Million

Indian lender Capri Global Capital Ltd. is exploring its maiden dollar bond to raise between $200 million and $300 million, according to people familiar with the matter, as the country’s non-bank finance companies increasingly borrow to meet growing demand for credit.

The company is in the process of seeking credit ratings and has held talks with banks for the transaction, according to people familiar with the matter, asking not to be identified as discussions are private. The debt’s likely tenor is three years, though mandates have not yet been formally announced and the terms are subject to change, they said.