Deadline for "9% Jyoti Bikas Bank Bond 2087" Extended

Jyoti Bikas Bank Limited has extended the deadline for the "9% Jyoti Bikas Bank Bond 2087". The public issue opened on 20th Ashar and was supposed to close on 23rd Ashar, 2078. However, since the issue was not subscribed by the early closing date, the deadline has been extended till Shrawan 03.

15,00,000 units will be issued at a par value of Rs.1000 per unit. While 6 lakh units will be open to the general public, 9 lakh units will be subscribed via private placement. 5% of the public issue is reserved for mutual funds. Investors can apply for a minimum of 25 units and a maximum of 30,000 units.

As the name suggests, "9% Jyoti Bikas Bank Bond 2087" will mature in the year 2087 and yield an annual return of 9% to unitholders.

Offer Letter 

Deadline extension notice