Issue Opening Date Changed: "8 years, 8.75% Prime Debenture 2085" to Open from Falgun 28
Tue, Mar 2, 2021 12:21 PM on Latest, Bonds & Debentures,
The opening date of "8 years, 8.75% Prime Debenture 2085" has been changed to Falgun 28, Friday. The debenture was previously scheduled to be opened for application from Falgun 19.
"8 years, 8.75% Prime Debenture 2085" is a debenture proposed by Prime Commercial Bank Limited. The debenture has 35 lakh units registered of which 14 lakh will be opened to the public and 21 lakh units will be subscribed via private placement.
RBB Merchant Banking Limited has been appointed the issue manager. Applicants can apply for a minimum of 25 units and a maximum of 5,00,000 units. The debenture has a maturity period of 8 years. Additionally, it will give an 8.75% annual return to its unitholders. Each unit will be issued at a par value of Rs. 1,000.
