‘10% Himalayan Bank Debenture 2083’ receives applications for 2.56 Million units; all valid applicants fully allotted debentures

Himalayan Bank Limited (HBL) had closed the issue of “10% Himalayan Bank Debenture 2083” from Bhadra 2, 2076. The applications for the debenture issue was open since Shrawan 2, 2076. The allotment process of the debenture issue has concluded.

HBL was issuing 30 lakh units debenture at par value of Rs.1000 each to raise debt worth Rs.3 Arba. The debentures offer an interest rate of 10% p.a. and will mature in a period of 7 years. 

Out of the total units, 1,200,000 units (40% of the issue) was offered to the general public while remaining 1,800,000 units (60% of the issue) was for privately placed. Amongst the units offered to the general public, 5% i.e. 60,000 units have been reserved for mutual funds.

Laxmi Capital Market Limited has been appointed as the issue manager for the debenture issue. As per the issue manager, the issue received a total of 723 valid applicants from general public as well as for private placement. Out of the offered units, applications were received for 2,569,104 units. All valid applicants have been fully allotted debentures.

HBL had previously issued “8% Himalayan Bank Debenture 2077” worth Rs 60 Crore.