Civil Bank Limited has published an offer letter to issue the “10.25% Civil Bank Debenture 2088.” The issue will open on 24th Mangsir and close on 28th Mangsir, 2078. If not subscribed fully by the early closing date, the deadline can be extended till Poush 09.
The total issue is for 30,00,000 units, with each unit having a par value of Rs. 1,000. While 18 lakh units will be subscribed via private placement, 12 lakh units will be offered to the general public, including a 5% quota for mutual funds.
Investors can apply for a minimum of 25 units to a maximum of the entirety of the issue.
As the name suggests, the “10.25% Civil Bank Debenture 2088” will mature in the year 2088 and yield 10.25% annual returns to unitholders.