Manjushree Finance To Float 8 Years Debenture From Magh 18

January 31, 2021 | Investopaper

Manjushree Finance Limited (MFIL) is opening the sale of its debenture issue from Magh 18, 2077 BS. The debenture offering will remain open until Magh 21, 2077 BS. If it remains undersubscribed until that period, the issue would extend to Falgun 2, 2077 BS.

The finance  is issuing 5 lakh units debenture worth Rs. 50 crores. The company will pay 9.5 percent interest to the investors on the debenture. The debenture has a maturity period of 8 years. Hence, the finance will refund the principal amount in 2085 BS.

Out of the total issue, 3 lakh units worth Rs. 30 crores will be sold through private placement. Likewise, the general public can purchase 2 lakh units debenture worth Rs. 20 crores. Mutual Funds will receive 5 percent of the public issue size or 10,000 units.

Investors can apply for a minimum of 25 units worth Rs. 25,000. Likewise, they can apply for a maximum of full  units.

NIBL Ace Capital Limited is the issue manager for the debenture.

Suggested Readings:

List Of Upcoming Debentures In Nepal

How To Apply IPO/FPO/Right/Debenture Through Mero Share?

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