Kathmandu. The Securities Board of Nepal has given permission to Siddhartha Bank to issue debentures. The Securities Board of Nepal has given permission to Siddhartha Bank to issue debentures worth Rs 2.5 billion.
With the approval of the Securities Board, Siddhartha Bank will now issue ‘SBL Debenture-2091’. Accordingly, the bank will sell a total of 2.5 million units of debentures at a face value of Rs 1,000.
Out of the total units, the bank will sell 1.5 million units through individual scales while the remaining 1 million units will be sold to the general public.
This bond of the bank is of 10 years duration. Investors will get 7.5 percent interest per annum.
NMB Capital is the sales manager of this bond of Siddhartha Bank.
