Century Commercial Bank allots its 10.50% Century Bank Debenture 2088; bank’s Rs 2.20 arba worth debenture ultimately gets enough buyers

Century Commercial Bank has allotted its 10.50% Century Bank Debenture program 2088 on Jestha 10, 2079. The bank had floated Rs 2.20 arba worth of debenture program with 10 years maturity period, 10.50% interest yield.

The bank had issued 8.80 lakh unit debenture for the individual investors including the mutual funds while 13.20 lakh units to the institutional investors under the private placement method. As per the available data, only 2262 valid applicants applied for the debenture thereby leaving 7.91 lakh units unsubscribed. However, the debenture issue had received a full subscription in the private placement where all 21.11 lakh unit debentures were subscribed by the institutional investors which also include the unsubscribed debenture, as per the media statement.