Nepal SBI Bank Opening the Issue of "9% Nepal SBI Bank Debenture 2089" From Today
Thu, Aug 3, 2023 8:27 AM on Latest, Bonds & Debentures,
Nepal SBI Bank Limited (SBI) is opening the issue of 20,00,000 units of "9% Nepal SBI Bank Debenture 2089" to the general public and institutions from today i.e. on 18th Shrawan, 2080.
The debenture with a maturity period of 10 years and a coupon rate of 9% will be open for application from today to 22nd Shrawan, 2080. If the issue isn't fully subscribed, the deadline can be extended to Shrawan 32, 2080.
20 lakh units will be issued at a par value of Rs. 1000 per unit. Out of the total units being issued 60% i.e. 12 lakh units of the total issue will be subscribed via private placement while the remaining 8 lakh units worth Rs. 80 Crores will be open for public issue, 5% of which is also allocated for mutual funds. It will raise a total of Rs 2 Arba from the issuance.
NMB Capital Limited is the issue manager. Investors can apply for a minimum of 25 units to a maximum of 800,000 units.
