Everest Bank Limited To Issue Rs. 3 Arba Worth "7.50% Everest Bank Limited Debenture 2091" from Falgun 18

Everest Bank Limited (EBL) has published an offer letter to issue 30,00,000 units of "7.50% Everest Bank Limited Debenture 2091" to the general public.

The debenture with a maturity period of 10 years and a coupon rate of 7.50% will be open for application from 18th Falgun to 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. Out of the total units being issued 60% i.e. 18 lakh units, the total issue will be subscribed via private placement while the remaining 12 lakh units worth Rs. 1.20 Arba will be open for public issue, 5% i.e. 60,000 units will be allocated for mutual funds. It will raise a total of Rs 3 Arba from the issuance.

LS Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 12,00,000 units.

Offer Letter: