Everest Bank to Issue "7.5% Everest Bank Limited Urja Rinpatra 2089" from 25th Poush

Everest Bank Limited (EBL) has published an offer letter to issue 20,00,000 units of "7.5% Everest Bank Limited Urja Rinpatra (Energy Bond) 2089" to the general public and institutions.

The debenture with a maturity period of 10 years and a coupon rate of 7.5% will be open for application from 25th Poush to 28th Poush, 2079. If the issue isn't fully subscribed, the deadline can be extended to Magh 09.

20 Lakh units will be issued at a par value of Rs.1000 per unit. Out of the total units being issued 12 lakh units of the total issue will be subscribed via private placement while the remaining 8 lakh units worth Rs. 80 Crores will be open for public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 2 Arba from the issuance.

Laxmi Capital Market Limited is the issue manager. Investors can apply for a minimum of 25 units to a maximum of whole issued units.

View the offer letter