Garima Bikas Bank to Close ‘Garima Debenture 2085’ on Poush 1
December 16, 2021 | Investopaper
Garima Bikas Bank Limited (GBBL) is currently issuing the debenture named ‘8.75%, 7 years, Garima Debenture 2085’ from Mangsir 16, 2078 BS [December 2, 2021]. The issue will close on Poush 1, 2078 BS. The debenture issue was set to close on Mangsir 20, 2078 BS. However, due to the under-subscription until that period, the deadline for application was extended until Poush 1, 2078 BS.
Interested investors can apply for a minimum of 25 units and a maximum of 100,000 units.
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Securities Board Of Nepal (SEBON) had provided the approval for the debenture issuance on Karthik 17, 2078 BS. The bank had submitted the application to SEBON on Ashad 11, 2078 BS seeking permission to float the debenture.
Garima Biaks Bank is floating 10 lakh units debenture at a par value of Rs 1000. Hence, the total issue amounts to Rs 1 Arba.
Out of the total issue size, the bank will sell 6 lakh units worth Rs 60 crores through private placement. Likewise, the general public can apply for the remaining 4 lakh units that amount to Rs 40 crores. The mutual funds will receive 5 percent (out of the general public’s quota) or 20,000 units.
The debenture will provide an 8.75 percent interest rate payable semi-annually. It has a maturity period of 7 years. Hence, the bank will refund the principal amount in 2085 BS.
NIBL Ace Capital Limited is the issue manager for the debenture.
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seems not so reliable for investors as it comes with only 8% interest and not so easy to sell off before maturity.
IPO results nikalnu paryo
without proper knowledge i applied and regret?,want to pull my legs out.
What process can be done?please reply ?
You can sell the debenture after it is listed in NEPSE. Same as shares
When will it be listed in NEPSE?
same thing here I did mistake and regret now please wanna leg out …… solution please NIBL ace capital is its managing
If u got. Answer. Reply me also
When will released IPO result?
garima debentures ko interest khane kahile ho??
waiyaat!! fokat! ko Share!! jindagima na pako dukha paiyo!! na yeta na utaa
saathi haru vanidinu paro aba ma k garumm!! i jst want to get out from that F..king mind!!
I want to pull my legs out of this Garima debenture2085. What are the process to get out.