10% Prime Debenture 2088 Approved by SEBON, Nepal SBI Bank's Debenture in Pipeline

10 yrs, 10% Prime Debenture 2088 has been approved by the Securities Board of Nepal. The regulatory board gave the nod of approval on Falgun 23, 2078.

10% Prime Debenture 2088 has 25 lakh units, each having a par value of Rs. 1,000. From the total issue, 10 lakh units will be issued to the general public while 15 lakh units will be subscribed via private placement.

As the name suggests, the 10% Prime Debenture 2088 has a maturity period of 10 years and will mature in the year 2088 BS. The debenture will yield a 10% annual return to unitholders.

RBB Merchant Banking has been appointed the issue manager.

Meanwhile, Nepal SBI Bank's 5 yrs, 9.25% Nepal SBI Bank Debenture 2083 is awaiting approval in SEBON's pipeline.

9.25% Nepal SBI Bank Debenture 2083 has 30 lakh units, each having a par value of Rs. 1,000. From the total issue, 12 lakh units will be issued to the general public while 18 lakh units will be subscribed via private placement.

As the name suggests, the 9.25% Nepal SBI Bank Debenture 2083 has a maturity period of 5 years and will mature in the year 2083 BS. The debenture will yield a 9.25% annual return to unitholders.