NIC Asia Bank Allotted "7% NIC Asia Debenture 2091" to The Valid Applicants on 31st Chaitra
Tue, Apr 15, 2025 11:17 AM on Latest, Bonds & Debentures,
NIC Asia Bank Limited (NICA) has concluded allotment for the public issue of the "7% NIC Asia Debenture 2091" on 31st Chaitra, 2081.
The issue had opened on 25th Chaitra and closed on 28th Chaitra, 2081.
50,00,000 units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued, 60%, i.e., 30 lakh units, the total issue will be subscribed via private placement, while the remaining 20 lakh units worth Rs. 2 Arba will be open for public issue. For mutual funds, 5%, i.e., 1,00,000 units, will be allocated. It will raise a total of Rs 5 Arba from the issuance.
As the name suggests, the "7% NIC Asia Debenture 2091" is a debenture with a maturity period of 10 years and a coupon rate of 7%.
Prabhu Capital Limited was the issue manager.
