NIC Asia Bank Limited To Issue Rs. 5 Arba Worth "7% NIC Asia Debenture 2091" from Chaitra 25

NIC Asia Bank Limited (NICA) has published an offer letter to issue 50,00,000 units of "7% NIC Asia Debenture 2091" to the general public.

The debenture with a maturity period of 10 years and a coupon rate of 7% will be open for application from 25th Chaitra to 28th Chaitra, 2081. If the issue isn't fully subscribed, the deadline can be extended to Baishakh 08, 2082.

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. 5%, i.e., 1,00,000 units, will be allocated for mutual funds. It will raise a total of Rs 5 Arba from the issuance.

Prabhu Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 25,00,000 units.

Offer Letter: