Global IME Bank Opening the Issue of "11.25% Global IME Bank Debenture 2084/85" From Today

Global IME Bank Limited is opening the issue of 50,00,000 units of "11.25% Global IME Bank Debenture 2084/85" to the general public and institutions from today.

The debenture with a maturity period of five years and a coupon rate of 11.25% will be open for application from today i.e. on 29th Magh to 3rd Falgun, 2079. If the issue isn't fully subscribed, the deadline can be extended till Falgun 14.

50,00,000 units will be issued at a par value of Rs.1000 per unit. 30 lakh units of the total issue will be subscribed via private placement while the remaining 20 lakh units worth Rs. 2 Arba will be open for the public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 5 arba from the issuance.

Sunrise Capital Limited is appointed as the issue manager. Investors can apply for a minimum of 25 units to a maximum of 10,00,000 units. SEBON approved the debenture on Poush 28.

View Offer Letter