Rs. 4 Arba worth of "8.5% Prabhu Bank Debenture 2087" in SEBON's Pipeline

Prabhu Bank Limited has applied in SEBON to issue 10 years, 8.5% Prabhu Bank Debenture 2087. Prabhu Bank submitted an application on Magh 25.

The debenture titled "8.5% Prabhu Bank Debenture 2087" has a coupon rate of 8.5%. The coupon rate is simply the annual payment made by the issuer of the bond to the investors.

A total of 40 lakh units are registered. 16 lakh units will open for the public issue and 24 lakh units will be subscribed via private placement. The issue will raise a total of Rs. 4 Arba if approved. Meanwhile, Mega Capital Markets has been appointed the issue manager.