Kathmandu. Shine Resunga Development Bank Limited has issued 1 million units of debentures worth Rs 1 billion with an interest rate of 8 percent per annum for a period of 10 years.
More than 5.95 times more applications were received for the purchase of these bonds. Which reflects high confidence in the financial outlook of the Nepalese market. 60 percent of the total withdrawal amount was allocated for individuals and 40 percent for the general public and was issued under the issue and sale management of NIMB Ace Capital Limited from July 28 to July 15. There was enthusiastic participation in the issue through various associations, organizations and the general public.
In recent times, there has been encouraging participation in the bond by the general investors. Which has clearly exposed the growing awareness and trust of the general public in Nepal’s capital market.
With the success of this bond issue, the bank has reiterated its commitment to further strengthen its capital structure and provide more effective, reliable and innovative financial services to its customers across the country.
The bank has thanked the Office of the Registrar of Companies, Nepal Rastra Bank, Securities Board of Nepal, Nepal Stock Exchange, CDS and Clearing Limited, the company’s associates and journalists’ circles and all the stakeholders who supported the process.
