Debenture Issue Added to SEBON's Pipeline; These Two Banks Aiming to Float Debenture in Near Future

Securities Exchange Board of Nepal (SEBON) has added debenture issues of two banks under preliminary review in the latest list of Debenture Pipeline Status published.

Kumari Bank Limited (KBL) “11% KBL Debenture 2089” and Lumbini Bikas Bank Limited (LBBL) “11% LBBL Debenture 2089” have been added under preliminary review by the board.

Kumari Bank has proposed to issue 30 lakhs units at par value of Rs. 1000 per unit to raise debt worth Rs. 3 Arba. The debentures will provide an interest of 11% p.a. and will mature in a period of 10 years. Out of the total units, 12,00,000 units will be offered to the general public will remaining 18,00,000 units will be privately placed. Siddhartha Capital Limited has been appointed as the issue manager for the debenture issue.

Whereas, Lumbini Bikas Bank has proposed to issue 10 lakhs units at par value of Rs.1000 each to raise debt worth Rs. 1 Arba. The debentures will offer an interest rate of 11% p.a. and will mature in a period of 10 years. Out of the total units, 4,00,000 units will be offered to the general public will remaining 6,00,000 units will be privately placed. Nabil Investment Banking Limited has been appointed as the issue manager for the debenture issue.