SEBON gives final approval to ’10.25% SBL Debenture 2083’; debentures worth Rs.2.50 Arba to be issued

Securities Exchange Board of Nepal (SEBON) has provided the final approval to the proposed issue of ‘10.25% SBL Debentures 2083’ in the latest list of debentures approved.

Siddhartha Bank Limited (SBL) is looking to raise a debt worth Rs.2.50 Arba through issue of 2.50 Million units of debentures at par value of Rs.1000 each. Out of the total issue 1,000,000 units (40% of the issue) are for the general public while remaining 1,500,000 units (60% of the issue) will be privately placed.

The debentures will be providing 10.25% interest p.a. These debentures will mature after a period of 7 years.

NMB Capital Limited has been appointed as the issue manager for the debenture issue.