Himalayan Bank to Issue "10.50% Himalayan Bank Limited Bond 2086" from Bhadra 15

Himalayan Bank Limited has published an offer letter to issue 25,00,000 units of "10.50% Himalayan Bank Limited Bond 2086" to the general public and institutions.

The debenture with a maturity period of seven years and a coupon rate of 10.50% will be open for application from 15th Bhadra to 19th Bhadra, 2079. If the issue isn't fully subscribed, the deadline can be extended till Bhadra 29.

25,00,000 units will be issued at a par value of Rs.1000 per unit. 15 lakh units of the total issue will be subscribed via private placement while the remaining 10 lakh units worth Rs. 1 Arba will be open for the public issue, 5% of which is also allocated for mutual funds.

Nabil Investment Banking Limited has been appointed the issue manager. Investors can apply for a minimum of 25 units to a maximum of 2,50,000 units.

View the offer letter