"7.50% Everest Bank Debenture,2091" Added to SEBON's Pipeline; Everest Bank to Collect Rs 3 Arba from the Issue

The Securities Board of Nepal (SEBON) has added "10 yrs, 7.50% Everest Bank Limited Debenture, 2091" to its pipeline. The size of the debenture is Rs 3 Arba.

Everest Bank Limited will be issuing 3,000,000 units of debenture at Rs 1000 per unit. From the total 12 lakh units are for the general public and the remaining 18 lakh units are for private placement.

Laxmi Sunrise Capital Limited is the issue manager of this debenture issuance. The application was sent to SEBON on Ashadh 20, 2081.

As the name suggests, the 10 yrs, 7.50% Everest Bank Limited Debenture,2091 has a maturity period of 10 years and will mature in the year 2091 BS. The debenture will yield a 7.50% annual return to unitholders.