Muktinath Bikas Bank Limited has opened the public issue of "8.75% Muktinath Debenture/Rinpatra 2084/85" from today, i.e. 7th Shrawan. The issue will close on 11th Shrawan, 2078. If not subscribed by the early closing date, the deadline can be extended till 21st Shrawan.
12,50,000 units will be issued at a par value of Rs.1000 per unit. 7.5 lakh units will be subscribed via private placement and 5 lakh units will be opened for the public issue, including the 5% quota for mutual funds. Investors can apply for a minimum of 25 units to a maximum of 5,00,000 units.
"8.75% Muktinath Debenture/Rinpatra 2084/85" is a debenture issued by Muktinath Bikas Bank Limited (MNBBL). As the name suggests, the debenture has a maturity period of 7 years and will yield an 8.75% annual return to unitholders.