Good opportunity for risk averse investors; NMB Bank is offering “10% NMB Debenture 2085” from Falgun 30
Tue, Mar 5, 2019 12:01 PM on Bonds & Debentures, Stock Market, Latest,
NMB Bank Limited (NMB) will be issuing “10% NMB Debenture 2085” from Falgun 30, 2075. The issue for 30 lakh units debenture will remain open till Chaitra 4, 2075. If the issue is not subscribe till Chaitra 4, then this debenture issue can be extended upto Chaitra 14, 2075.
The commercial bank will be issuing 12 lakh units i.e. 40% for the general public while remaining 18 lakh units i.e. 60% of the issue will be for the private placement.
The debenture will be providing 10% return on the investment which will be paid semi-annually and this debenture matures in 10 years.
Interested applicants can place applications for minimum 25 units and maximum 12 lakh units for par value of Rs 1,000.
The application can be placed form the branches of any financial institutions providing C ASBA facilities.
Siddhartha Capital Limited has been appointed as the issue manager for the debenture issuance.
Already, NMB Bank Limited has Rs 50 crore worth debenture in its portfolio.
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