Kathmandu. The Securities Board of Nepal has given permission to two banks to issue debentures.
The Securities Board of Nepal (SEBI) today allowed Nepal SBI Bank and Shine Resunga Development Bank to issue debentures. Nepal SBI Bank will issue ‘Nepal SBI Bank Debenture’ and Shine Resunga Development Bank ‘Shine Resunga Debenture’.
Nepal SBI Bank will bring a total of Rs 3 billion worth of debentures. Accordingly, the bank will sell a total of 3 million units at a face value of Rs 1,000. Of these, 1.8 million units will be sold individually and the remaining 1.2 million units will be issued to the general public.
This bond of SBI Bank is of 10 years duration. Investors will get 7 percent interest per annum.
Nabil Investment Banking is the bond sales manager of SBI Bank.
Similarly, Shine Resunga Development Bank will bring a total of Rs 1 billion worth of debentures. Accordingly, the bank will sell a total of one million units at a face value of Rs 1,000. Of these, 600,000 units will be sold individually and the remaining 400,000 units will be issued to the general public.
Shine Resunga Development Bank has a tenor of 10 years. Investors will get 8 percent interest per annum.
NIMB Ace Capital is the bond sales manager of SBI Bank.
