"9.75% Nepal SBI Bank Debenture 2089" added to SEBON pipeline; NMB Capital as Issue Manager

Securities Board of Nepal (SEBON) has added "9.75% Nepal SBI Bank Debenture 2089" to its pipeline. The size of the debenture is Rs 2 Arba.

Nepal SBI Bank will be issuing 20 lakh units debenture at Rs 1000 per unit. From the total 8 lakh units is for general public and the remaining 12 lakh units is for private placement. Similarly, the debenture will yield 9.75% interest for a period of 10 years.

NMB Capital is the issue manager of this debenture issuance.

ICRA Nepal has reaffirmed the issuer rating of [ICRANP-IR] AA (pronounced ICRA NP issuer rating double A) assigned to Nepal SBI Bank Limited. The rating is considered to have a high degree of safety regarding timely servicing of financial obligations. The rated entity carries very low credit risk.