8.50% SBL Debenture 2084 hits investment floor; 12 lakh unit debentures to be available for general investors looking for the long-term safer investment option
Fri, Oct 2, 2020 5:48 AM on Latest, Bonds & Debentures,
Siddhartha Bank has started floating Rs 3 arba worth 8.50% SBL Debenture 2084 to the investment floor from today (Ashoj 16, 2077). The debenture will have an 8.50% interest yield, as per the media statement.
Out of a total of 30 lakh unit debentures, 12 lakh unit will be available for the general investors while the remaining 18 lakh unit debentures will be sold through private placement. NMB Capital has been appointed as the issue manager for the upcoming issue and it will conclude by Ashoj 20 at the earliest and on Ashoj 30 at the latest, as per the statement.
Interested investors will need to apply for a minimum of 25 unit debentures from the ASBA approved institutions and via their Meroshare portals within the stipulated date.
