CGCL : TO RAISE FUNDS FOR $30 MN VIA SENIOR SECURED USD BONDS

• Up to 3,000 senior, secured, rated, listed, redeemable USD-denominated non-convertible bonds of face value USD 10,000 each • Aggregate nominal value up to USD 30,000,000; issued at par on private placement basis to identified investors • Tenure of 36 months from deemed date of allotment; coupon 240 bps plus 6-month CME Term SOFR, payable semi-annually • Secured by first ranking, pari-passu and continuing charge by way of hypothecation over certain identified receivables • Bonds proposed to be listed on India International Exchange IFSC and/or NSE IFSC • Payment default to attract additional interest of 2% p.a. over the interest rate on outstanding principal Impact: Neutral (Adds an offshore USD funding line; pricing at SOFR plus 240 bps and receivables hypothecation indicate secured borrowing cost)

Capri Global Capital Limited

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