Citizens Bank closing "10.25% Citizens Bank Rinpatra 2086" from today; Good Opportunity for investors to get more and safe return than Fixed Deposit
Tue, Mar 17, 2020 9:21 AM on Bonds & Debentures,
Citizens Bank International (CZBIL) is closing the issue of "10.25% Citizens Bank Rinpatra 2086" from today (Chaitra 4, 2076). This debenture issue was open since Falgun 20, 2076. All the interested investors can apply till banking hour today.
The Bank is providing 10.25% interest which is more than the fixed deposit interest rate that most of the bank currently providing.
The bank is issuing a total of 25 lakh units debentures at a par of Rs 1000 per unit collecting a total of Rs 2.5 arba. Out of the total units, 15 lakh units have been separated for private placement and 10 lakhs will be issued to the general public. Similarly, from the units separated for the general public 5% or 50,000 units have been reserved for the mutual fund. According to the notice, 30,000 units have already been allotted.
Global IME Capital is the issue manager of the debenture issuance.
The interested applicants can apply for a minimum of 25 units or a maximum of 9.70 lakh units.
