"10.25% Citizens Bank Rinpatra 2086" to open from Falgun 20, 2076; Bank raising Rs 2.5 arba from the issue

Citizens Bank International (CZBIL) is issuing "10.25% Citizens Bank Rinpatra 2086" from Falgun 20, 2076 to Falgun 23, 2076. If the issue isn't fully subscribed by Falgun 23, then the issue will be extended till Chaitra 04, 2076.

The bank is issuing a total of 25 lakh units debentures at a par of Rs 1000 per unit collecting a total of Rs 2.5 arba. Out of the total units, 15 lakh units have been separated for private placement and 10 lakhs will be issued to the general public. Similarly, from the units separated for the general public 5% or 50,000 units have been reserved for the mutual fund. According to the notice, 30,000 units have already been allotted.

Global IME Capital is the issue manager of the debenture issuance.

The interested applicants can apply for a minimum of 25 units or a maximum of 9.70 lakh units.

Offer Letter