Civil Bank opens Civil Bank Debenture 2088

Civil Bank Limited has launched a public offering of 30 lakh units of ‘10.25 percent Civil Bank Debenture 2088’ today, Dec. 10. The issue will expire on Dec. 14, and if it is not completely subscribed by the early closure date, the deadline will be extended until Dec. 24.

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.