Kathmandu. Laxmi Sunrise Capital Limited has been appointed as the issue manager for the issuance of debentures worth Rs three billion of Everest Bank. The bank is going to issue “Everest Bank Limited Debenture 2088”. The bank is issuing 30 lakh units of debenture at a face value of Rs 1,000 per unit.
Out of this, 40 percent i.e. 1.2 million units worth Rs 1.20 billion will be sold to the general public and the remaining 60 percent will be sold to 1.8 million units individually. The debenture will be paid at the rate of 6.25% per annum for a period of 6 months each.
The agreement was signed by Mr. Sudesh Khaling, CEO of Everest Bank and Mr. Vijay Lal Shrestha, CEO of Laxmi Sunrise Capital.
