Deadline Extended for "7% Laxmi Sunrise Debenture 2092"; Issue to Close on Shrawan 28

Laxmi Sunrise Bank Limited has extended the deadline for issuing 30,00,000 units of "7% Laxmi Sunrise Debenture 2092" to the general public and institutions until 28th Shrawan, 2083.

The debenture, with a maturity period of 10 years and a coupon rate of 7%, was open for application from the 14th Shrawan, 2083.

30,00,000 units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued, 60%, i.e., 18 lakh units, of the total issue will be subscribed via private placement, while the remaining 12 lakh units worth Rs. 1.22 Crore will be open for public issue.

According to CDSC, 7,390 applicants have applied for 10,55,426 units worth Rs. 1.05 arba so far. This data is as of yesterday.

Machapuchhre Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of the total issued units.