Laxmi Sunrise Bank Limited Closing the Issue of "7% Laxmi Sunrise Debenture 2092" From Today
Summary
Laxmi Sunrise Bank Limited is closing applications today for its 7% Laxmi Sunrise Debenture 2092, a 10-year debenture issue worth 30 lakh units. CDSC says 9,820 applicants have already applied for more than 16.48 lakh units, while Machapuchhre Capital Limited is serving as issue manager.
Key Points
- Laxmi Sunrise Bank Limited is closing the issue of 30,00,000 units of “7% Laxmi Sunrise Debenture 2092” from today.
- The debenture has a maturity period of 10 years and a coupon rate of 7%, with applications open since 14th Shrawan, 2083.
- Out of the total issue, 60% was allocated through private placement and the remaining 12 lakh units were open for public issue.
- According to CDSC, 9,820 applicants have applied for 16,48,573 units worth Rs. 1.64 arba so far.
