Everest Bank's Rs. 3 Arba '10 years, 7.50% Everest Bank Limited Debenture 2091' Issue Approved by SEBON

Everest Bank Limited's "10 yrs, 7.50% Everest Bank Limited Debenture, 2091" has been approved by the Securities Board of Nepal. The regulatory board gave the nod of approval on Magh 15, 2081.

The "10 yrs, 7.50% Everest Bank Limited Debenture, 2091" has 30 lakh units, each having a par value of Rs. 1,000. From the total issue, 12 lakh units will be issued to the general public while 18 lakh units will be subscribed via private placement.

Laxmi Sunrise Capital Limited has been appointed as the issue manager.

As the name suggests, the "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.