Kathmandu. Today is the last day to apply for the loan of Shine Resunga Development Bank.
The bank had opened the sale of debentures from July 15. Applications on this bond can be made till today’s banking time.
With the approval of the Securities Board of Nepal, the bank has sold units of ‘Shine Resunga Debenture’. The bank has issued one million units of this bond with a face value of Rs 1,000.
The bank will sell 600,000 units of units individually. The remaining 400,000 units have been allocated to the general public. Out of the units allotted to the general public, 20,000 units comprising 5 percent have been allotted to the mutual fund and the remaining 380,000 units have been issued to the general public.
Investors can apply for a minimum of 25 units and a maximum of 500,000 units.
Investors can apply through the banks and financial institutions participating in the ASBA service licensed by the Securities Board and their branch offices and my share of CDSC.
NIMB Ace Capital is the bond sales manager of Shine Resunga Bank. This bond is of 10 years duration. Investors will get 8 percent interest per annum.
