Laxmi Sunrise Bank Limited is all set to issue its debenture worth Rs 3 Arba starting from Shrawan 14.
Laxmi Sunrise Bank Limited is going to open the issue for its ‘7 percent Laxmi Sunrise Debenture 2092’ from Shrawan 14. The bank is issuing 30 lakh units of debentures in total, and face value for each unit is Rs 1,000.
Issue Details and Allocation
Out of total 30 lakh units, the bank will sell 18 lakh units through private placement to individual investors. The remaining 12 lakh units are allocated for the general public. From this public portion, 5 percent which is 60,000 units has been reserved for mutual funds.
This debenture has a maturity period of 10 years. The bank will provide a nice interest rate of 7 percent per annum to the investors.
Application Timeline and Process
Interested investors can easily apply for this debenture through C-ASBA approved banks and financial institutions, including all their branch offices. The issue will close early on Shrawan 19 after banking hours if fully subscribed. If it does not get enough application, the deadline will be extended till Shrawan 28 after banking hours.
Investors can apply for a minimum of 25 units up to maximum of all the units available for sale.
Machhapuchchhre Capital Limited has been appointed as issue and sales manager to manage this debenture issue on behalf of the bank.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
