Prime Commercial Bank has opened the subscription for its ‘Prime Bank Debenture 2093’ worth Rs 3 Arba starting today.
Prime Commercial Bank Limited have started selling its new debenture called ‘Prime Bank Debenture 2093’ from today. The total value of this debenture issue is Rs 3 Arba.
Details of the Debenture Issue
The bank is issuing a total of 30 lakh units of debentures, and each unit has a face value of Rs 1,000. Out of this total issue, the bank will sell 18 lakh units through private placement to individual investors. The remaining 12 lakh units are open for general public. From the public portion, 5 percent which is 60,000 units is secured for mutual funds.
This debenture has a maturity period of 10 years. Investors who buy this debenture will get a yearly interest rate of 6.25 percent as announced by bank.
How to Apply and Deadlines
Interested investors can easily apply for this debenture through C-ASBA member banks and financial institutions, as well as their branch offices. The earliest closing date for the application is Asar 19 after banking hours. If the required units are not fully subscribed, the deadline can be extended till Asar 30 during banking hours.
To apply for this, an investor must request for a minimum of 25 units. The maximum limit to apply is set at 2 lakh units.
Sanima Capital Limited is working as the issue and sales manager for this debenture. Before this, Prime Commercial Bank got the permission from Securities Board of Nepal (SEBON) on Asar 3 to launch this debenture.
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.
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