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Published on 2/4/2020 in the Prospect News Emerging Markets Daily.

New Issue: India’s Kogta Financial sells Rs. 2.7 billion of 12.36% debentures

By Sarah Lizee

Olympia, Wash., Feb. 4 – Kogta Financial (India) Ltd. priced Rs. 2.7 billion of 12.36% senior secured redeemable nonconvertible debentures due Jan. 27, 2023 at par, according to a Bombay Stock Exchange notice.

The debentures are being issued on a private placement basis.

The financial services company is based in Jaipur, India.

Issuer:Kogta Financial (India) Ltd.
Issue:Senior secured redeemable nonconvertible debentures
Amount:Rs. 2.7 billion
Maturity:Jan. 27, 2023
Coupon:12.36%
Allotment date:Jan. 28

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