The company started issuing ‘8% ICFC Finance Ltd Debenture 2089’ from February 23. The debenture will mature in 7 years and will yield 8 percent interest.
The company is issuing 500,000 units debenture at a face value of Rs 1,000 per unit. Out of total offered units, the company will allot 300,000 units through personal finance, while, the remaining 200,000 units will be issued to the general public. The company has also secured 10,000 units i.e. 58 percent of the general public quota to the mutual funds.
Interested investors can apply for a minimum of 25 and maximum of 200,000 units of shares.
The company has appointed Kumari Capital as issue manager. The interested investors can apply from all C-ASBA approved BFIs and Meroshare.
Care Rating Nepal has assigned B-rating to the issuer indicating moderate risks.
