Global IME Bank to Issue "11.25% Global IME Bank Debenture 2084/85" from Magh 29

Global IME Bank Limited has published an offer letter to issue 50,00,000 units of "11.25% Global IME Bank Debenture 2084/85" to the general public and institutions.

The debenture with a maturity period of five years and a coupon rate of 11.25% will be open for application from 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 has been 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