Deadline of "8.50% Global IME Bank Debenture 2086/87" Extended
Wed, Mar 17, 2021 8:28 AM on Latest, Bonds & Debentures,
Global IME Bank Limited has been issuing "8.50% Global IME Bank Debenture 2086/87" from 1st Chaitra. This debenture issue was supposed to close today, i.e. 4th of Chaitra. Since the issue is not fully subscribed, the deadline has been extended to 16th Chaitra.
Of the 30 lakh total units, 18 lakh units will be subscribed via private placement. The remaining 12 lakh units are issued to the public, 5% of which has been reserved for mutual funds. As the name suggests, the debenture will pay 8.5% yearly returns to its unit holders and will mature in the fiscal year 2086/87.
Investors can apply for a minimum of 25 units and a maximum of 10 lakh units. Century Capital Markets is the issue manager for this debenture issue.
