"8.75% Garima Debenture 2085" Opening From Mangsir 16

Garima Bikas Bank Limited has published an offer letter to issue the "8.75% Garima Debenture 2085." The issue will open on 16th Mangsir and conclude on 20th Mangsir. If not subscribed fully, the deadline can be extended till 1st Poush, 2078.

10,00,000 units will be issued at a par value of Rs.1000 per unit. 60% of the issue will be subscribed via private placement and the remaining 40% will be open for public issue. Of the public issue size, 5%, i.e. 20,000 units have been set aside for mutual funds.

Investors can apply for a minimum of 25 units to a maximum of 1 lakh units. NIBL Ace Capital has been appointed the issue manager. Meanwhile, ICRA Nepal has rated this debenture BBB-1, indicating a moderate risk in completing financial obligations.

As the name suggests, "8.75% Garima Debenture 2085" has a maturity period of 7 years and will yield an annual return of 8.75% during the period.

Offer Letter