Shine Resunga Development Bank Limite To Issue Rs. 1 Arba Worth "10 yrs, 8% Shine Resunga Debenture" from Ashadh 32

Shine Resunga Development Bank Limited has published an offer letter to issue 10,00,000 units of "10 yrs, 8% Shine Resunga Debenture" to the general public.

The debenture with a maturity period of 10 years and a coupon rate of 8% will be open for application from 32nd Ashadh to 4th Shrawan, 2082. If the issue isn't fully subscribed, the deadline can be extended to Shrawan 14, 2082.

6,00,000 units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued, 60%, i.e., 6 lakh units, the total issue will be subscribed via private placement, while the remaining 4 lakh units worth Rs. 40 crores will be open for public issue. 5%, i.e., 20,000 units, will be allocated to mutual funds. It will raise a total of Rs 1 Arba from the issuance.

NIMB Ace Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of 5,00,000 units.

Offer Letter: