Public Issue of "10.15% Prime Debenture 2084" of Rs. 5 Arba Worth Open from 31st Jestha
Sun, Jun 5, 2022 11:02 AM on Bonds & Debentures, Latest,
Prime Commercial Bank Limited (PCBL) has published an offer letter to issue the "10.15% Prime Debenture 2084." The issue will open on 31st Jestha and close on 3rd Ashad, 2079. If not subscribed by the early closing date, the deadline can be extended till Ashad 14.
50,00,000 units will be issued at a par value of Rs.1000 per unit. 30 lakh units worth Rs. 3 Arba i.e 60% of the total issue will be subscribed via private placement while the remaining 20 lakh units worth Rs. 2 Arba will be open for the public issue, 5% of which is also allocated for mutual funds.
Investors can apply for a minimum of 25 units to a maximum of 10,00,000 units. As the name suggests, "10.15% Prime Debenture 2084" has a maturity period of 5 years and will yield 10.15% annual returns to unitholders.
