Deadline Extended for "11.25% Global IME Bank Debenture 2084/85"; Issue to Close on Falgun 14

Global IME Bank Limited has extended the public issue of the "11.25% Global IME Bank Debenture 2084/85." The issue had opened on 29th Magh. The early closing date was today, i.e. on 3rd Falgun. Since the issue has not been subscribed fully, the deadline has been extended till Falgun 14.

50 lakh units are being issued at a par value of Rs.1000 per unit. Out of the total units being issued 30 lakh units of the total issue will be subscribed via private placement while the remaining 20 lakh units worth Rs. 2 Arba is open for public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 5 arba from the issuance.

Sunrise Capital Limited is appointed as the issue manager. Investors can apply for a minimum of 25 units to a maximum of 10,00,000 units.

As the name suggests, the "11.25% Global IME Bank Debenture 2084/85" has a maturity period of 5 years and will yield 11.25% annual returns to unit holders till its date of maturity.

Extended Notice