Liquidity of Himalayan Bank to increase by Rs 3 Bn

Jul 11, 2019 11:11 AM Merolagani

The liquidity of Himalayan Bank (HBL) is set to increase by Rs 3 billion. the bank which is going to issue 3 million units of bond worth Rs 3 billion from July 18 in a bid to strengthen its capital fund.

The debenture named 'Himalayan Bank Ltd Bond 2083' will have a maturity period of 7 years and yield 10 percent interest rate payable semi-annually.

The bank will issue 40 percent worth Rs 1.20 billion to general shareholders while the remaining 60 percent worth Rs 1.80 billion will be privately financed.

Out of the total offered bonds to the general public, the bank has allocated 60,000 units to the mutual fund. The interested investors can apply from all C-ASBA approved BFIs and through meroshare software till July 22.

Upon under subscription till the closing date, the issue will be extended till August 16.

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Government Fails to Collect Targeted Revenue; Capital Expenditure Nears 70%

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