Public Issue of "7.50% Everest Bank Limited Debenture 2091" Closing Today

Everest Bank Limited (EBL) is closing the issue of 30,00,000 units of "7.50% Everest Bank Limited Debenture 2091" to the general public and institutions from today, 23rd Falgun, 2081.

The debenture, which has a 10-year maturity period and a coupon rate of 7.50%, was open for application on the 18th of Falgun, 2081.

30,00,000 units will be issued at a par value of Rs. 1000 per unit. Of the total units issued, 60%, or 18 lakh units, will be subscribed via private placement. The remaining 12 lakh units, worth Rs. 1.20 Arba, will be open for public issue, and 5%, or 60,000 units, is also allocated to mutual funds. The issuance will raise a total of Rs 3 Arba.

According to CDSC, 8,834 applicants have applied for 16,58,537 units worth Rs. 1.65 Arba so far. This data is as of 5 p.m. yesterday.

LS Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 12,00,000 units.

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