Public Issue of "8.50% Machhapuchchhre Debenture 2087" Open from Today
Thu, Jul 15, 2021 10:12 AM on Bonds & Debentures, Latest,
Machhapuchchhre Bank Limited has published an offer letter to issue the "8.50% Machhapuchchhre Debenture 2087." The issue will open on 31st Ashar and close on 4th Shrawan, 2078. If not subscribed by the early closing date, the deadline can be extended till Shrawan 17.
30,00,000 units will be issued at a par value of Rs.1000 per unit. 18 lakh units of the total issue will be subscribed via private placement while the remaining 12 lakh units 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 5,00,000 units. As the name suggests, "8.50% Machhapuchchhre Debenture 2087" has a maturity period of 10 years and will yield 8.5% annual returns to unitholders.
