Prime Commercial Bank Limited Closing the Issue of "6.25% Prime Bank Debenture 2093" From Today

Prime Commercial Bank Limited (PCBL) is closing the issue of 30,00,000 units of "6.25% Prime Bank Debenture 2093" to the general public and institutions from today, i.e., 23rd Ashad, 2083.

The debenture, with a maturity period of 10 years and a coupon rate of 6.25%, was open for application from the 16th Ashadh, 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, 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, 5% i.e., 60,000 units will be allocated for mutual funds. It will raise a total of Rs 3 Arba from the issuance.

According to CDSC, 11,683 applicants have applied for 2,146,896 units worth Rs. 2.14 arba so far. This data is as of today.

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