Global IME Bank to issue “10.25% Global IME Bank Debenture 2080/81” worth Rs 1.5 arba from Falgun 15; Applications can be placed for minimum 25 units

Tue, Feb 19, 2019 10:08 AM on Bonds & Debentures, Latest,
Global IME...

Global IME Bank Limited is issuing “10.25% Global IME Bank Debenture 2080/81” from falgun 15, 2075. The issue for 15 lakh units debenture will remain open till falgun 19, 2075 and if the issue get under subscribed till falgun 19, then this debenture issue can be extended upto Chaitra 14, 2075.

Out of the 15 lakh units, the bank is issuing 6 lakh units for the general public. Out of 30,000 units (5% of 6 lakh units) reserved for the mutual fund only 3,000 units are subscribed by them; so now remaining 5,97,000 units will be issued for the general public.  With this debenture issue, the total debt capital (debentures) of Global IME Bank will be Rs 1.9 arba.

The debenture will be providing 10.25% return on the investment which will be paid semi-annually.

Interested applicants can place applications for minimum 25 units and maximum 75,000 units for par value of Rs 1,000.

The application can be placed form any financial institutions providing C ASBA facilities. NIBL Ace Capital has been appointed as the issue manager for the issue.

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

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