Rastriya Banijya Bank to float 25 lakh unit debenture from today; good opportunity for investors seeking for stable returns of 8.50% p.a. for coming 6 years

Rastriya Banijya Bank is all set to sell its 25 lakh debentures worth Rs 2.50 Arba beginning from today i.e. Jestha 25, 2078. The debenture with a maturity period of six years will have an interest yield of Rs 8.50% which will be paid semi-annually.

Out of the total 25 lakh unit debentures, 15 lakh units have been allocated to be sold via private placement method while the remaining 10 lakh units will be available for general investors. The debenture issue will close by Jestha 28 at the earliest and by Asad 8 at the latest, as per the media statement.

Interested investors can apply for a minimum of 25 units to a maximum of 2.50 lakh unit debentures via Banijaya Bank’s branches, all the branches of C-ASBA member BFIs and via their meroshare portal, as per the media statement.