Rastriya Banijya Bank Limited Opening the Issue of "6% RBBL Debenture 2089" From Today

Rastriya Banijya Bank Limited has issued 30,00,000 units of "7 yrs, 6% RBBL Debenture 2089" to the general public.

The debenture, with a maturity period of 7 years and a coupon rate of 6%, will be open for application from today, i.e., from 29th Ashwin to 10th Kartik, 2083. If the issue isn't fully subscribed, the deadline can be extended to Kartik 12, 2083.

30,00,000 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 worth Rs. 1.80 Arba, the total issue will be subscribed via private placement, while the remaining 12 lakh units worth Rs. 1.20 Arba will be open for public issue; 5% i.e., 60,000 units will be allocated for mutual funds. It will raise a total of Rs 3 Arba from the issuance.

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