SEBON Adds "11.25% Global IME Bank Debenture 2084/85" in its Pipeline; Global IME Bank to Collect Rs 5 Arba from the Issue

Securities Board of Nepal (SEBON) has added "11.25% Global IME Bank Debenture 2084/85" in its pipeline under preliminary review.

Global IME Bank Limited is bringing 50 lakh units debentures at Rs 1000 per unit into the market to raise funds worth Rs 5 Arba. The bank will be offering 11.25% interest per annum for a period of 5 years.

The total offered units have been divided between public and private. 20 lakh units is being offered to the general public whereas 30 lakh units are being offered for private placement.

Sunrise Capital Limited is the issue manager of the debenture issuance. The application was sent to SEBON on Kartik 20.