Public Issue of "8% Nabil Bank Debenture 2085" Extended Till Shrawan 24
Wed, Jul 28, 2021 10:10 AM on Latest, Bonds & Debentures,
Nabil Bank Limited has extended the deadline for the public issue of the "8% Nabil Bank Debenture 2085." The issue opened on 10th Shrawan and was supposed to conclude on 13th Shrawan, 2078. Since the issue is not subscribed by the early closing date, the deadline has been extended till Shrawan 24.
30,00,000 units are issued at a par value of Rs.1000 per unit. Of the total issue, 18 lakh units will be subscribed via private placement and 12 lakh units have been issued to the general public, including a 5% quota for mutual funds.
Investors can apply for a minimum of 25 units to a maximum of the entire issue size. As the name suggests, "8% Nabil Bank Debenture 2085" has a maturity period of 7 years and will yield 8% annual returns to unitholders.