Laxmi Sunrise Bank Limited Opening the Issue of "7% Laxmi Sunrise Debenture 2092" From Today

Laxmi Sunrise Bank Limited has issued 30,00,000 units of "7% Laxmi Sunrise Debenture 2092" to the general public.

The debenture, with a maturity period of 10 years and a coupon rate of 7%, will be open for application from today, i.e., from 14th Shrawan to 19th Shrawan, 2083. If the issue isn't fully subscribed, the deadline can be extended to Shrawan 28, 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, will be subscribed via private placement, while the remaining 40%, i.e., 12 lakh units worth Rs. 1.20 Arba, will be issued to the general public and institutions.

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