Deadline Extended for "11% LBBL Debenture 2089"; Issue to Close on Jestha 30
Fri, Jun 2, 2023 9:25 AM on Latest, Bonds & Debentures,
Lumbini Bikas Bank Limited (LBBL) has extended the public issue of the "11% LBBL Debenture 2089." The issue had opened on 16th Jestha, 2080. The early closing date was today, i.e. on 19th Jestha. Since the issue has not been subscribed fully, the deadline has been extended till Jestha 30.
10 lakh units are being issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 6 lakh units of the total issue will be subscribed via private placement while the remaining 4 lakh units worth Rs. 40 Crores are open for public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 1 Arba from the issuance.
Nabil Investment Banking Limited is the issue manager. Investors can apply for a minimum of 25 units to a maximum of 1,00,000 units.
As the name suggests, the "11% LBBL Debenture 2089" has a maturity period of 10 years and will yield 11% annual returns to unit holders till its date of maturity.
