"11% Mahalaxmi Debenture 2089" Closing Today; Minimum Applications Can Be Placed for 25 Unitsmlbl
Mon, Apr 17, 2023 9:40 AM on Latest, Bonds & Debentures,
Mahalaxmi Bikas Bank Limited (MLBL) is closing the issue of 10,00,000 units of "11% Mahalaxmi Debenture 2089" to the general public and institutions from today i.e. on 4th Baisakh, 2080.
The debenture with a maturity period of 10 years and a coupon rate of 11% was open for application from 29th Chaitra, 2079.
Out of the total units being issued 60% i.e. 6 lakh units of the total issue will be subscribed via private placement while the remaining 4 lakh units worth Rs. 40 Crores will be open for public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 1 Arba from the issuance.
NIC Asia Capital Limited is the issue manager. Investors can apply for a minimum of 25 units to a maximum of 4,00,000 units.
