Public Issue of "11% LBBL Debenture 2089" Open From Today
Tue, May 30, 2023 9:39 AM on Latest, Bonds & Debentures,
Lumbini Bikas Bank Limited (LBBL) is opening the issue of 10,00,000 units of "11% LBBL Debenture 2089" to the general public and institutions from today i.e. on 16th Jestha, 2080.
The debenture with a maturity period of 10 years and a coupon rate of 11% will be open for application from today to 19th Jestha, 2080. If the issue isn't fully subscribed, the deadline can be extended to Jestha 30, 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.
Nabil Investment Banking Limited is the issue manager. Investors can apply for a minimum of 25 units to a maximum of 1,00,000 units.
