Rastriya Banijya Bank Limited To Issue Rs. 2.5 Arba Worth "7% RBBL Debenture 2088" from Baisakh 7
Wed, Apr 9, 2025 11:28 AM on Bonds & Debentures, Latest,
Rastriya Banijya Bank Limited has published an offer letter to issue 25,00,000 units of "7% RBBL Debenture 2088" to the general public.
The debenture with a maturity period of 7 years and a coupon rate of 7% will be open for application from 7th Baisakh to 10th Baisakh, 2082. If the issue isn't fully subscribed, the deadline can be extended to Baisakh 21, 2082.
25,00,000 units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued, 60%, i.e., 15 lakh units, the total issue will be subscribed via private placement, while the remaining 10 lakh units worth Rs. 1 Arba will be open for public issue. 5%, i.e., 50,000 units, will be allocated for mutual funds. It will raise a total of Rs 2.5 Arba from the issuance.
Sanima Capital Limited is the issue manager. Investors can apply for a minimum of 25 units.
