11.25% Global IME Bank Debenture 2084 hits investment floor from Magh 29; safer investment instrument to make interest payment semi annually

Global IME Bank Limited has opened public issue of 50 lakh units’ worth of ‘11.25% Global IME Bank Debenture 2084’ from Magh 29, 2079. The issue will conclude on  Falgun 3, 2079 at the earliest and by Falgun 14, 2079 at the latest.

The par value of the debenture is NRs. 1,000 per unit. From the total 50 lakh units of ‘11.25% Global IME Bank Debenture 2084’, 30 lakh units are allocated for subscription via private placement and 20 lakh units are for the general public, including a 5% quota for mutual funds.

One can submit application for minimum of 25 unit debentures to maximum of 10 lakh unit debentures. The bank has appointed Sunrise Capital as the issue manager for its public issue and will be making the interest payment semi-annually, as per the media statement.

The bank currently provides its services to its customers from its 365 branches in 77 districts, 369 ATM outlets, 321 branchless banking units, 63 extension and revenue counters and 3 foreign relations offices under its widest network.