"10% Nepal SBI Bank Rinpatra 2086" of Nepal SBI Bank opening from Magh 28, 2076; Bank to raise Rs 2.5 arba from the issue
Mon, Feb 3, 2020 10:47 AM on Bonds & Debentures, Latest, Stock Market,
Nepal SBI Bank (SBI) is issuing "10% Nepal SBI Bank Rinpatra 2086" from Magh 28, 2076 till Falgun 02, 2076. In the case of under-subscription till Falgun 02, the issue will be extended till Falgun 28, 2076.
The bank is issuing debentures worth Rs 2.5 arba at Rs 1000 per unit. The debenture will be providing 10% interest rate per annum for a period of 10 years till maturity.
The bank is issuing a total of 25 lakh units, out of which 10 lakh units will be offered to the general public and 15 lakh units will be offered for private placement. Similarly, from the 10 lakh units being offered to the general public, 50,000 units (5%) have been segregated for Mutual Funds.
Kumari Capital Limited is the issue manager for this debenture issue.
The interested applicants can apply for a minimum of 25 units or a maximum of 10 lakh units.
ICRA Nepal has assigned ICRANP LAA rating to the debenture issuance indicating a high degree of safety.
It will raise a total of Rs 2.5 arba from the issuance.
