ICFC Finance Limited will commence the issuance of its debenture, ‘ICFC Finance Limited Debenture–2089’, from Falgun 11, 2082. The company plans to issue a total of 50 lakh units with a face value of NPR 1,000 per unit, totaling NPR 50 crore.
Of the total debentures, 30 lakh units will be sold to individual investors, while 10,000 units (5%) of the remaining 20 lakh units are reserved for mutual funds. The rest will be open for subscription by the general public. Investors can apply for a minimum of 25 units and a maximum of 2 lakh units. Applications can be submitted through C-ASBA member banks and financial institutions approved by SEBON, their designated branches, or via CDSC’s Mero Share system.
The issuance process is expected to conclude at the earliest by Falgun 14 and at the latest by Falgun 25, after banking hours. The debenture will have a 7-year tenure, offering investors an 8% annual interest rate. Kumari Capital is appointed as the issue manager for this debenture.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
