Laxmi Sunrise Bank Limited To Issue Rs. 3 Arba Worth "7% Laxmi Sunrise Debenture 2092" from Shrawan 14

Laxmi Sunrise Bank Limited has published an offer letter to issue 30 lakh units of "10 yrs, 7% Laxmi Sunrise Debenture 2092" to the general public.

The debenture with a maturity period of 10 years and a coupon rate of 7% will be open for application from 14th Shrawan to 19th Shrawan, 2083. If the issue isn't fully subscribed, the deadline can be extended to Shrawan 28, 2083.

30,00,000 lakhs units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 18 lakh units, the total issue will be subscribed via private placement while the remaining 40% i.e. 12 lakh units worth Rs. 1.20 Arba will be issued to the general public and institutions.

Machapuchhre Capital Limited is the issue manager. Investors can apply for a minimum of 25 units and a maximum of whole units.

Offer Letter