NMB Bank closing the issue of "10% NMB Debenture 2085" from today; interested can apply minimum 25 units

NMB Bank Limited (NMB) is closing the issue of “10% NMB Debenture 2085” from today (Chaitra 25, 2075). The issue for 30 lakh units debenture at Rs 1000 face value was open since Falgun 30, 2075. 

The commercial bank is 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.

Also Read:

Applications for NMB Bank's “10% NMB Debenture 2085” to be open from tomorrow; Everything to know about the issue

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