ICFC Finance Limited (ICFC) has announced the public issuance of its debenture, “9% ICFC Finance Limited Debenture 2088,” starting from 9th Magh, 2081. This debenture comes with a maturity period of 7 years and offers an annual 9% interest rate.
Key Details of the Debenture Issue
- Total Units and Allocation:
- A total of 3,00,000 units will be issued at a par value of Rs. 1,000 per unit, amounting to Rs. 30 Crore.
- 60% of the units, equivalent to 1.80 lakh units (Rs. 18 Crore), will be sold via private placement.
- The remaining 1.20 lakh units (Rs. 12 Crore) will be offered to the public. Of these, 5% (6,000 units) are reserved for mutual funds.
- Application and Allotment:
- Investors can apply for a minimum of 25 units and up to 1,20,000 units.
- Applications can be submitted through C-ASBA-approved banks and financial institutions or via the Mero Share platform.
- Issue Timeline:
- The debenture issue will close on 13th Magh, 2081 if fully subscribed.
- If the issue is not fully subscribed, the deadline will extend to 23rd Magh, 2081.
Management and Access
The issuance is managed by Kumari Capital Limited. Detailed information is available on the websites of ICFC Finance Limited (www.icfc.com.np) and Kumari Capital Limited (www.kumaricapital.com). Interested investors are encouraged to review the prospectus and apply prudently.
For further details, refer to the notice published in the Nepal Samacharpatra National Daily on 29th Poush, 2081, or visit the official websites of the issuer and the issue manager.
This debenture offers a secure investment opportunity with attractive returns, making it a viable option for individuals and institutions seeking stable returns over seven years.
Notice: ICFC Finance Limited Opens Issue of “9% ICFC Finance Limited Debenture 2088″for Public
