ICFC Finance Limited To Issue Rs. 30 Crore Worth "9% ICFC Finance Limited Debenture 2088" from Magh 9
Mon, Jan 13, 2025 10:12 AM on Latest, Bonds & Debentures,
ICFC Finance Limited (ICFC) has published an offer letter to issue 3,00,000 units of "9% ICFC Finance Limited Debenture 2088" to the general public.
The debenture with a maturity period of 7 years and a coupon rate of 9% will be open for application from 9th Magh to 13th Magh, 2081. If the issue isn't fully subscribed, the deadline can be extended to Magh 23, 2081.
3,00,000 units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 1.80 lakh units, the total issue will be subscribed via private placement while the remaining 1.20 lakh units worth Rs. 12 Crore will be open for public issue, 5% i.e. 6,000 units will be allocated for mutual funds. It will raise a total of Rs 30 Crore from the issuance.
Kumari Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 1,20,000 units.
