Public Issue of "8.75% Muktinath Debenture/Rinpatra 2084/85" Closing Today
Tue, Jul 27, 2021 10:28 AM on Latest, Bonds & Debentures,
Muktinath Bikas Bank Limited is closing the public issue of "8.75% Muktinath Debenture/Rinpatra 2084/85." The issue opened on 7th Shrawan and will close today, i.e. on 11th Shrawan, 2078, at the end of banking hours.
12,50,000 units have been issued at a par value of Rs.1000 per unit. 7.5 lakh units will be subscribed via private placement and 5 lakh units have been opened for the public issue, including the 5% quota for mutual funds. Investors can apply for a minimum of 25 units to a maximum of 5,00,000 units.
"8.75% Muktinath Debenture/Rinpatra 2084/85" is a debenture issued by Muktinath Bikas Bank Limited (MNBBL). As the name suggests, the debenture has a maturity period of 7 years and will yield an 8.75% annual return to unitholders.