Public Issue of "9%, 10 years, Civil Bank Debenture 2088" Under SEBON's Pipeline

Civil Bank has submitted an application to the regulator to issue the "9%, 10 years, Civil Bank Debenture 2088."

As the name suggests, the debenture will mature in the year 2088 and yield a 9% annual return for unit holders. Thus, the debenture has a maturity period of 10 years.

The debenture proposal has 30,00,000 units worth Rs. 3 Arba. 12 lakh units will open for public issue and 18 lakh units will be subscribed via private placement.

Laxmi Capital Markets is appointed the issue manager. The proposal was submitted on Jestha 24 and is under preliminary review.