"10.25% Sunrise Debenture 2083"opens from Kartik 20, 2076; 12 lakh units to be floated for general public

Sunrise Bank Limited (SRBL) has published an offer letter to issue "10.25% Sunrise Debenture 2083" to the general public from Kartik 20 to Kartik 24, 2076. In case of under-subscription, the issue will be extended till Mangsir 19, 2076.

The Bank is issuing a total of 30 lakh units of debenture, out of which, 12 lakh units are for the general public and 18 lakh units are for private placement. Similarly, out of the units offered to general public, 60,000 units has been reserved for Mutual Funds. The debenture is being issued at Rs 1000 per unit and will provide 10.25% interest for a period of 7 years.

Siddhartha Capital Limited is the issue manager.

Interested individuals can apply for a minimum of 25 units or maximum of 3 lakh units.

SRBL had also issued "10 Sunrise debenture 2080" recently which has been already listed in NEPSE. This debenture is worth Rs 1 arba, making the cumulative debenture of Sunrise Bank worth Rs 4 arba.

Offer Letter