Deadline for "11% KBL Debenture 2089" Extended Till Bhadra 31

Kumari Bank Limited has opened the debenture issue titled "11% KBL Debenture 2089" from 17th Bhadra, 2079. The issue was supposed to close today, i.e. on 21st Bhadra. Since the issue is not fully subscribed by the closing date, the deadline has been extended till 31st Bhadra, 2079.

30,00,000 units is issued at a par value of Rs.1000 per unit. 18 lakh units of the total issue will be subscribed via private placement while the remaining 12 lakh units worth Rs. 1.2 Arba is open for the public issue, 5% of which is also allocated for mutual funds.

Siddhartha Capital is appointed the issue manager. Investors can apply for a minimum of 25 units to a maximum of 12,00,000 units.

As the name suggests, "11% KBL Debenture 2089" has a maturity period of 10 years and will yield an annual return of 11% during the period.

Announcement