Kathmandu. Shine Resunga Development Bank is going to open the sale of debentures from July 15.
With the approval of the Securities Board of Nepal, the bank is going to sell units of ‘Shine Resunga Debenture’. The bank will issue one million units of this bond at a face value of Rs 1,000 each.
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 will be allotted to the mutual fund and the remaining 380,000 units will be 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.
The issuance of this bond will close at the earliest on July 14. If there are not enough applications within this period, the issuance period of the bond can be extended till July 15.
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.
