Out of the total issued debenture, it will issue 80,000 units of debenture worth Rs 80 million to general public while the remaining 120,000 units will be privately financed.
Out of total debenture issued to general public, the company has allocated 4,000 units to mutual funds. The interested investors can apply for a minimum of 25 and maximum of 76,000 units of debenture.
As per the company, the debenture that matures in 7 years period will yield 12 percent interest rate payable semiannually.
The company has appointed Global IME Capital as its issue manager. The issue will close early on February 28 and lately on March 10.
Care Rating Nepal has assigned Care-NP BBB- to the issue indicating moderate credit risk.
The interested investors can apply from Global IME Capital, various branches of ICFC Finance and all ASBA approves BFIs.
