Public Issue of "10% Citizens Bank Debenture 2090" Closing Today
Mon, Oct 9, 2023 10:32 AM on Latest, Bonds & Debentures,
Citizens Bank International Limited (CZBIL) is closing the issue of 30,00,000 units of "10% Citizens Bank Debenture 2090" to the general public and institutions today i.e. 22nd Ashwin, 2080.
The debenture with a maturity period of 10 years and a coupon rate of 10% was open for application from 17th Ashwin, 2080.
30 lakh units are being issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 18 lakh units of the total issue will be subscribed via private placement while the remaining 12 lakh units worth Rs. 1.2 Arba is open for public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 3 Arba from the issuance.
Himalayan Capital Limited is the issue manager. Investors can apply for a minimum of 25 units to a maximum of all issued units.
