Mahalaxmi Bikas Bank Opening the Issue of "11% Mahalaxmi Debenture 2089" From Today
Wed, Apr 12, 2023 7:56 AM on Latest, Bonds & Debentures,
Mahalaxmi Bikas Bank Limited (MLBL) is opening the issue of 10,00,000 units of "11% Mahalaxmi Debenture 2089" to the general public and institutions from today i.e. on 29th Chaitra, 2079.
The debenture with a maturity period of 10 years and a coupon rate of 11% will be open for application from today to 4th Baisakh, 2080. If the issue isn't fully subscribed, the deadline can be extended to Baisakh 13, 2080.
10 lakh units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 6 lakh units of the total issue will be subscribed via private placement while the remaining 4 lakh units worth Rs. 40 Crores will be open for public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 1 Arba from the issuance.
NIC Asia Capital Limited is the issue manager. Investors can apply for a minimum of 25 units to a maximum of 4,00,000 units.
