Rastriya Banijya Bank Limited has opened its Rs 3 billion debenture, titled 6 percent RBBL Debenture 2089, for public subscription from Ashoj 29. The seven-year debt instrument offers annual interest of 6 percent, with each unit priced at Rs 1,000. Investors can submit applications until Kartik 10.
Key details of the RBBL Debenture 2089
The bank’s issue is worth Rs 3 billion in total. It is being offered as a seven-year debenture, meaning the stated term runs for seven years. The instrument carries an annual interest rate of 6 percent, while the face value of each unit is Rs 1,000.
The product’s name combines its stated interest rate with the bank’s initials and the year 2089. Rastriya Banijya Bank has named the issue 6 percent RBBL Debenture 2089. The subscription period began on Ashoj 29 and is scheduled to remain open through Kartik 10, according to the details provided for the public offer.
These terms give prospective applicants the central information about the issue: its overall size, duration, annual interest rate, unit price and application deadline. The total value of Rs 3 billion refers to the debenture offering as a whole, while the Rs 1,000 price applies to each unit.
Subscription window and investment terms
Applications are being accepted during the period beginning Ashoj 29 and ending Kartik 10. Anyone considering the offer should take note of the closing date and consult the bank’s official issue information for application procedures and any additional conditions. The details available for this announcement do not specify the minimum or maximum number of units an applicant may request, or the channels through which applications can be submitted.
At the stated annual rate of 6 percent, the debenture’s interest is expressed as a yearly return on the instrument. The announcement identifies the rate as annual but does not provide further information about the timing or method of interest payments. Applicants should therefore refer to the official terms of the issue for the full payment schedule and other conditions rather than assuming details not stated in the offer summary.
The seven-year term is another key feature for investors to consider alongside the interest rate and unit price. The announcement does not specify additional details about early redemption, listing, or repayment arrangements. Those provisions, if applicable, would need to be confirmed from the formal issue documents.
What applicants should check
The public offer provides a straightforward set of headline terms, but these alone do not describe every aspect of the debenture. Before applying, prospective investors can review the official offer documentation to confirm how to apply, the allocation process, payment dates and the conditions governing the instrument. The application deadline stated for the issue is Kartik 10.
Rastriya Banijya Bank’s Rs 3 billion offer is therefore defined by a seven-year maturity, an annual interest rate of 6 percent and a price of Rs 1,000 per unit. The debenture has been open for public subscription since Ashoj 29 under the name 6 percent RBBL Debenture 2089. Applications are due by Kartik 10.
