Deadline for "10.50% Himalayan Bank Limited Bond 2086" Extended Till Bhadra 29

Himalayan Bank Limited (HBL) has opened the debenture issue titled "10.50% Himalayan Bank Limited Bond 2086" from 15th Bhadra, 2079. The issue was supposed to close today, i.e. on 19th Bhadra. Since the issue is not fully subscribed by the closing date, the deadline has been extended till 29th Bhadra, 2079.

25,00,000 units is issued at a par value of Rs.1000 per unit. 15 lakh units of the total issue will be subscribed via private placement while the remaining 10 lakh units worth Rs. 1 Arba is open for the public issue, 5% of which is also allocated for mutual funds.

Nabil Investment Banking Limited is appointed the issue manager. Investors can apply for a minimum of 25 units to a maximum of 2,50,000 units.

"10.50% Himalayan Bank Limited Bond 2086" has a maturity period of 7 years and will yield 10.50% annual returns to unitholders.

Announcement