October 19, 2021 | Investopaper
Civil Bank Limited (CBL) is planning to issue a debenture named “9%, 10 years, Civil Bank Debenture 2088“. For this purpose, the bank has received the approval from the regulatory body. Securities Board Of Nepal (SEBON) has provided the approval on Ashwin 24, 2078 BS for the debenture issuance.
After the approval from SEBON, Civil Bank will now float 30 lakh units debenture at a face value of Rs 1000. Hence, the total debenture issue amounts to Rs 3 Arba.
Out of the total issue, the bank will sell 18 lakh units debenture worth Rs. 180 crores through private placement. Likewise, the general public can apply for the remaining 12 lakh units that amount to Rs. 120 crores. Out of the public issue size of 8 lakh units, mutual funds will receive 5 percent or 60,000 units.
The bank has appointed Laxmi Capital Markets Limited as the issue and sales manager for the debenture.