Everest Bank Limited has extended its 30,00,000.00 units @Rs.1000.00/unit (Everest Bank Limited Rinpatra 2091) Debenture to the general public till Chaitra 03, 2081
This debenture, with a decade-long maturity term and a coupon rate of 7.50%, was available for applications from 03 Chitra, 2081 until 21st Falgun, 2081. The offering not reach to full subscription & the closing date postponed to Chaitra 03, 2081.
A total of 30,00,000 units will be issued at a nominal value of Rs. 1000 per unit. Out of the entire issuance, 60%, or 18 lakh units, will be acquired through private placements. The remaining 12 lakh units, equivalent to Rs. 1.20 Arba, will be accessible for public offering, with 5%, or 60,000 units, designated for mutual funds. The total amount raised from this issuance will be Rs 3 Arba.
LS Capital Limited is overseeing the issue management. Investors have the option to apply for a minimum of 25 units up to a maximum of 12,00,000 units.
