Global IME Debenture 2080/81 opens to public from today

February 27, 2019 | Investopaper

Global IME Bank is issuing debenture 2080/81 worth Rs. 60 crores to the general public from today (Falgun 15, 2075). The interest rate on debenture is 10.25% per annum. The maturity period is of 5 years.

Interest applicants can apply 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 private placement. The remaining Rs. 60 crores worth of debenture will be sold to public starting today.

The debenture issue will remain open for 4 days until 19th of Falgun. If the debenture is not fully subscribed till that period, then the issue will continue till 14th of Chaitra, 2075

NIBL Ace capital is the issue manager for the debenture.



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