"11% KBL Debenture 2089" Opening From Today

Kumari Bank Limited is opening the public issue of "11% KBL Debenture 2089" from today. The issue has opened today, i.e. 17th Bhadra, and will conclude on 21st Bhadra. If not subscribed fully, the deadline can be extended till Bhadra 16, 2079.

30,00,000 units will be issued at a par value of Rs.1000 per unit. 18 lakh units of the total issue will be subscribed via private placement while the remaining 12 lakh units worth Rs. 1.2 Arba is open for the public issue, 5% of which is also allocated for mutual funds.

Siddhartha Capital is appointed the issue manager. Investors can apply for a minimum of 25 units to a maximum of 12,00,000 units.

As the name suggests, "11% KBL Debenture 2089" has a maturity period of 10 years and will yield an annual return of 11% during the period.

Offer Letter