Everest Bank Limited Opening the Issue of "7.50% Everest Bank Limited Debenture 2091" From Today
Sun, Mar 2, 2025 8:45 AM on Highlight News, Bonds & Debentures,
Everest Bank Limited (EBL) is opening the issue of 3,00,000 units of "7.50% Everest Bank Limited Debenture 2091" to the general public from today, i.e., on 18th Falgun, 2081.
The debenture, which has a 10-year maturity period and a coupon rate of 7.50%, will be open for application from today until 21st Falgun, 2081. If the issue isn't fully subscribed, the deadline can be extended to Chaitra 03, 2081.
30,00,000 units will be issued at a par value of Rs. 1000 per unit. Of the total number of units issued, 60%, or 18 lakh units, will be subscribed via private placement. The remaining 12 lakh units, worth Rs. 1.20 Arba, will be open for public issue, and 5%, or 60,000 units, will be allocated to mutual funds. The issuance will raise a total of Rs 3 Arba.
LS Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 12,00,000 units.
