Civil Bank Debenture 2088: Last Day to Apply
December 22, 2021 | Investopaper
Civil Bank Limited (CBL) is currently issuing a debenture named “10.25%, 10 years, Civil Bank Debenture 2088” from Mangsir 24, 2078 BS. The debenture issue will close on Poush 7, 2078 BS [December 22, 2021]. Previously, the issue was set to close on Mangsir 28, 2078 BS. However, due to under-subscription until that period, the deadline for application was extended.
Interested investors can apply for a minimum of 25 units and a maximum of full units.
Securities Board Of Nepal (SEBON) has already provided the approval on Ashwin 24, 2078 BS for the debenture issuance.
Civil Bank will sell 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 debenture will provide 10.25 percent interest payable semi-annually. The debenture has a maturity period of 10 years. Hence, the bank will refund the principal amount in 2088 BS.
The bank has appointed Laxmi Capital Markets Limited as the issue and sales manager for the debenture.
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