"9% Jyoti Bikas Bank Bond 2087" Allotted to Applicants

Jyoti Bikas Bank Limited has allotted the "9% Jyoti Bikas Bank Bond 2087" to applicants. The allotment for the general public has concluded while the private placement quota was allotted partially based on the applications received.

The public issue opened on 20th Ashar and was supposed to close on 23rd Ashar, 2078. However, since the issue was not subscribed by the early closing date, the deadline was extended till Shrawan 03. Nonetheless, the issue manager then decided to close the issue on Ashar 30.

15,00,000 units are issued at a par value of Rs.1000 per unit. While 6 lakh units were open to the general public, 9 lakh units will be subscribed via private placement. 5% of the public issue is reserved for mutual funds.

As the name suggests, "9% Jyoti Bikas Bank Bond 2087" will mature in the year 2087 and yield an annual return of 9% to unitholders.

Allotment Notice