Global IME Bank Debenture issue receives applications for 15.91 Lakh units for private placement; total 9 Lakh units to be privately placed

Global IME Bank Limited (GBIME) had closed the issue of “10.25% Global IME Bank Debenture 2080/81” on Chaitra 14, 2075 for the general public. This issue of 15 lakh units of debenture was opened since Falgun 15, 2075.

Out of the 15 Lakh units, the bank was issuing 6 Lakh units for the general public. The remaining 9 Lakh units of are being privately placed by the bank.

NIBL Ace Capital has been appointed as the issue manager for the issue. As per the issue manager, from the general public side the issue has received applications from 1,454 applicants who have applied for a total of 385,486 units of debentures. Out of the total units issued to the general public, 211,514 units remain unsubscribed.

Similarly, for the private placement, the issue has received 23 applicants who have applied for a total of 1,591,000 units of debentures. As per the officials at NIBL Ace Capital, the final data regarding the private placement of the issue will be available in another 2-3 days’ time.

ICRA Nepal had assigned “ICRA LA Minus” rating indicating low credit risk to the debenture.