Everest Bank Rs 4 Arba Worth "10.5% Everest Debenture 2085" and "5.5% Everest Bank Urja Rinpatra 2089" Approved by SEBON

Everest Bank Limited (EBL) is going to issue 10.5% interest, 6 years period, 'Everest Bank Debenture 2085' and 5.5% interest, 10 years period, 'Everest Bank Urja Rinpatra 2089' to the general public as well as to the private placement soon. The issue has been approved by the Securities Board of Nepal. The regulatory board gave the nod of approval on Shrawan 02, 2079.

Both the debentures have 20 lakh units, each having a par value of Rs. 1,000. From the total issue, 8 lakh units will be issued to the general public while 12 lakh units will be subscribed via private placement. Laxmi Capital Market has been appointed as the issue manager.

As the name suggests, the 10.5% Everest Bank Debenture 2085 has a maturity period of 6 years and will mature in the year 2085 BS. The debenture will yield a 10.5% annual return to unitholders. Similarly, the 5.5% Everest Bank Urja Rinpatra 2089 has a maturity period of 10 years and will mature in the year 2089 BS. The debenture will yield a 5.5% annual return to unitholders.