Global Ime bank debenture closing today
March 28, 2019 | Investopaper
Global IME Bank is closing the debenture 2080/81 worth Rs. 60 crores to the general public from today (Chaitra 14, 2075). The debenture issue was open to the public from Falgun 15, 2075. The debenture issue was set to close on Falgun 19, 2075. However, due to under subscription, the issue was extended until today.
The interest rate on debenture is 10.25% per annum. The maturity period is of 5 years.
Interest applicants can still apply for the debenture until the close of banking hours today. The investors are required to apply for a minimum of 25 units at the par value of Rs. 1000 per unit. The maximum units that can be applied are 75,000 units.
The total amount of debenture is Rs. 1.50 Arab. Out of it, Rs. 90 crores worth of debenture is sold through the private placement. The remaining Rs. 60 crores worth of debenture is sold to the public.
NIBL Ace capital is the issue manager for the debenture.
