Himalayan Bank To Close Issue Of “Himalayan Bank Ltd Bond 2086” On Bhadra 29
September 14, 2022 | Investopaper
Himalayan Bank Ltd. (HBL) is currently issuing a debenture named “7 yrs, 10.5%, Himalayan Bank Ltd Bond 2086”. The debenture offering is open from Bhadra 15, 2079 BS.
The issue will close on Bhadra 29, 2079 BS. Previously, the issue was set to close on Bhadra 19, 2079 BS. However, due to under-subscription until that period, the deadline for application was extended.
The Bank is floating 25 lakh units debenture at a face value of Rs 1,000. Hence, the total debenture issue amounts to Rs 2.50 Arba.
Out of the total issue, the bank is selling 15 lakh units debenture worth Rs. 150 crores through private placement. Likewise, the general public can apply for the remaining 10 lakh units that amount to Rs. 100 crores. Out of the public issue size of 10 lakh units, mutual funds have applied for 5,000 units.
Interested investors can apply for a minimum of 25 units and a maximum of 2,50,000 units.
The debenture will provide 10.50 percent interest per annum to the investors. The maturity period of the debenture is 7 years. Hence, the bank will refund the principal amount in 2086 BS.
Nabil Investment Banking Limited is the issue and sales manager for the debenture.
Securities Board Of Nepal (SEBON) has already provided approval to the bank for the debenture issuance. The bank had submitted the application to the board on Jestha 23, 2079 BS. Only after the permission from the regulatory body, the bank can sell the debenture to the general public.
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Dear’sir/ madam until Now i Didn’t Receive any interest Amount