Citizens Bank distributing advice slip for its debenture and refunding the non-allottees

ShareSansar, January 17:

Citizens Bank International Limited is distributing advice slip and refunding money to the non-allottee investors of its seven-year corporate debenture issued.

Citizens Bank Debenture 2077, which was worth Rs 50 crore, was issued on December 26 at par value of Rs 1,000, and had yield of 8.5 per cent interest rate which will be paid quarterly.

It may be noted that of the total debentures, bonds worth Rs 7.5 crore had been set aside for the general public while Rs 2.5 crore has been earmarked to mutual funds.

The debenture issuance had closed on December 31.

Elite Capital is the issue manager.