Civil Bank Limited has opened the public issue of 30 lakh units’ worth ‘10.25% Civil Bank Debenture 2088’ from today i.e. Mangsir 24, 2078. The issue will conclude on 28th Mangsir, 2078 and if not fully subscribed by the early closing date, the deadline can be extended till 9th Poush 2078.
The par value of the debenture is NRs. 1,000 per unit. From the total 30 lakh units of ‘10.25% Civil Bank Debenture 2088’, 18 lakh units will be subscribed via private placement and 12 lakh units will be issued to the general public, including a 5% quota for mutual funds.
Investors can apply for a minimum of 25 units to a maximum of 12 lakh units. The debenture has a maturity period of 10 years and will yield 10.25% annual returns to unitholders which will be paid on a quarterly basis.