Kumari Bank Allotted "10% KBL Debenture 2090" to The Valid Applicants on 19th Kartik
Mon, Nov 6, 2023 10:35 AM on Latest, Share Allotment, Bonds & Debentures,
Kumari Bank Limited (KBL) has concluded allotment for the public issue of the "10% KBL Debenture 2090" on 19th Kartik, 2080.
The issue had opened on 2nd Kartik and closed on 13th Kartik, 2080.
50 lakh units were issued at a par value of Rs. 1,000 per unit. Out of the total units issued 60% i.e. 30 lakh units of the total issue were to be subscribed via private placement while the remaining 40% i.e. 20 lakh units worth Rs. 2 Arba was open for public issue.
It will raise a total of Rs 5 Arba from the issuance.
As the name suggests, the "10% KBL Debenture 2090" is a debenture with a maturity period of 10 years and a coupon rate of 10%.
Nabil Investment Banking Limited was the issue manager.
