ICFC Finance Limited has opened the issuance of debentures worth Rs 50 crore from Falgun 11, 2082 B.S. The company has issued a total of 500,000 debentures at a face value of Rs 1,000 per unit.
Out of the total issue, 300,000 units will be placed through private placement, while 200,000 units have been allocated for the general public. Of the public allocation, 10,000 units have been reserved for mutual funds.
Investors can apply for the debentures until Falgun 14, 2082 B.S. Applications can be made for a minimum of 25 units and a maximum of 200,000 units.
Kumari Capital Limited has been appointed as the issue and sales manager for the debenture offering.
Earlier, the Nepal Securities Board (SEBON) granted approval for the debenture issuance on Magh 21, 2082 B.S. The debentures carry an annual interest rate of 8 percent and have a maturity period of 7 years.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
