More than one thousand applications received for ’10.5% SBL Debenture 2082’; issue remains undersubscribed as applicants apply for a total of 21.79 Lakh units
Tue, Jan 8, 2019 4:31 PM on Bonds & Debentures, Stock Market, Featured,
NIBL Ace Capital, issue manager of 10.5% SBL Debenture 2082 has concluded the collection for the issue. As per the officials at NIBL Ace Capital, a total of 1,014 applicants have applied for 2,179,350 units of debentures collecting Rs.2.17 Arba. However, this data includes the disqualified applicants as well. The issue will remain undersubscribed by more than 3.55%.
Debentures worth Rs.2.25 Arba were issued at par value of Rs.1000 per unit from 23rd Mangsir, 2075. The debentures with maturity period of 7 years will be providing interest rate of 10.5% annually to the debenture holders. Applications could be placed for minimum 25 units and maximum 100,000 units.
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