Reminder: "11% KBL Debenture 2089" Closing Today

Kumari Bank Limited is closing the public issue of "11% KBL Debenture 2089" today. The issue opened on 17th Bhadra and was supposed to close on 21st Bhadra. Since the issue was not fully subscribed by the closing date, the deadline was extended till today i.e. 31st Bhadra, 2079.

30,00,000 units is 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 worth Rs. 1.2 Arba is open for the public issue, 5% of which is also allocated for mutual funds.

Siddhartha Capital is appointed the issue manager. Investors can apply for a minimum of 25 units to a maximum of 12,00,000 units till the end of banking hours.

As the name suggests, "11% KBL Debenture 2089" has a maturity period of 10 years and will yield an annual return of 11% during the period.

Extension Notice