Auction closing of National Microfinance Laghubitta's promoter shares; "8.5% Sanima Debenture 2087" opening today
Wed, Dec 16, 2020 11:03 AM on Latest, Auction, Bonds & Debentures,
Today is the last day to apply for the auction of promoter shares of National Microfinance Laghubitta Bittiya Sanstha Limited (NMFBS).
National Microfinance has been auctioning 1,04,000 units promoter shares from Mangsir 17.
The auction was open from 17th Mangsir and will close today, i.e. 1st Poush, 2077. The auction is open for existing promoters, the general public, and institutions. The minimum bid quantity is 1,000 units. While bidders can bid for the entirety of shares in each auction, any quantity in between should be a multiple of 500. The minimum bid rate is Rs. 725 for the promoter shares.
On the other hand, Sanima Bank Limited has opened the issue of "8.5% Sanima Debenture 2087" to the general public from today, i.e. 1st Poush. The debenture has 40,00,000 units to be issued at a par value of Rs.1000 per unit.
The issue will close on 5th Poush, 2077. If the issue is not fully subscribed, the deadline can be extended to 15th Poush.
The debenture will mature 10 years from now, i.e. in the year 2087. While 16 lakh units will be open to the general public, 24 lakh units will be subscribed via private placement. 5% of the public issue, i.e. 80,000 units are reserved for mutual funds.
Investors can apply for a minimum of 25 units and a maximum of 16 lakh units.
