Central Finance announces basis of allocation of debentures
Thursday, 20 June 2013 00:50
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Central Finance Company (CFIN) has announced the Basis of Allotment for its offer of 2 million Unsecured Redeemable Debentures at an issue price of Rs.1, 000.00 each
Type “A” Up to 4,000 debentures: accommodate all applications
Above 4,000 debentures: a minimum allotment of 4,000 debentures plus 10.45% of the balance amount of debentures applied, rounded to the nearest 100 debentures
Type “B”: Up to 4,000 debentures: accommodate all applications
Above 4,000 debentures: a minimum allotment of 4,000 debentures plus 52.93% of the balance amount of debentures applied, rounded to the nearest 100 debentures
Type “C”: Up to 4,000 debentures: accommodate all applications
Above 4,000 debentures: a minimum allotment of 4,000 debentures plus 69.40% of the balance amount of debentures applied, rounded to the nearest 100 debentures. Furthermore, given that debentures will not be allotted in fractions, a further 100 “Type C” debentures each, will be allotted to the four largest applicants.
CFIN’s Rs. 2 billion debenture issue drew 112 applications for a cumulative value of Rs.4.3 billion.
