‘10% NMB Debentures 2085’ receives 478 applicants who apply for 56% of the issue; more than 1.30 Million units remain unsubscribed

Wed, Apr 10, 2019 4:47 PM on Bonds & Debentures, Latest, Stock Market,

NMB Bank Limited (NMB) had closed the issue of “10% NMB Debenture 2085” on Chaitra 25, 2075. The issue for 30 Lakh units of debentures at Rs.1000 face value was open since Falgun 30, 2075. 

The commercial bank was issuing 12 Lakh units i.e. 40% for the general public while remaining 18 Lakh units i.e. 60% of the issue was for the private placement.

Siddhartha Capital Limited has been appointed as the issue manager for the debenture issuance. As per the issue manager, the issue received total of 478 applicants applying for 1,684,505 units. Among the total, 460 applications were received from the general public, applying for 99,505 units while 18 applications were received for private placement, applying for 1,585,000 units. Only 56.15% of the total issue has been subscribed for. A total of 1,315,495 units remain unsubscribed.

The debenture will be providing 10% return on the investment which will be paid semi-annually and this debenture matures in 10 years.

Already, NMB Bank Limited has Rs.50 Crore worth debenture in its portfolio.