Rastriya Banijya Bank Limited has opened the issuance of its 7-year, 6% RBBL Debenture 2089 to investors from Ashwin 29, 2083. The bank is issuing a total of 30 lakh units at a face value of Rs. 1,000 per unit, targeting to raise Rs. 3 billion.

The debenture offers an annual coupon rate of 6% and has a maturity period of seven years. Applications will remain open until Kartik 10, 2083. If the issue is not fully subscribed within the initial deadline, the closing date may be extended to Kartik 12, 2083.

Of the total 30 lakh units, 60%, equivalent to 18 lakh units worth Rs. 1.80 billion, will be issued through private placement. The remaining 12 lakh units, worth Rs. 1.20 billion, will be offered to the general public. Five percent of the public issue, equivalent to 60,000 units, has been allocated to mutual funds.

Kumari Capital Limited has been appointed as the issue manager. Interested investors can apply for a minimum of 25 units, while applications above the minimum can be made in whole units, according to the issue details.

Investors considering the debenture should review its interest rate, seven-year maturity period, application requirements and official issue documents before making an investment decision.