The bank will issue 5 million units of debenture worth Rs 5 billion at a face value of Rs 1000. Out of the total offered units, the bank will issue 2 million units to the general investors and 3 million units to personal financers. As per the bank, the mutual funds have not applied for the debentures.
The issue will close early on June 17 and lately on June 28. The interested investors can apply for a minimum of 25 and maximum of 1 million units of shares.
The bank has appointed Sanima Capital as its issue manager. The applicants can apply from all C-ASBA approved BFIs.
Care Ratings has assigned A- rating to the issue indicating moderate risks.
