Siddhartha Bank Rs 4 Arba Worth (10 years, 10.75% SBL Debenture 2089) Approved by SEBON

Siddhartha Bank Limited (SBL) is going to issue 10.75% interest, 10 years period, 'SBL Debenture 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 Jestha 27, 2079.

The 10.75% SBL Debenture 2089 has 40 lakh units, each having a par value of Rs. 1,000. From the total issue, 16 lakh units will be issued to the general public while 24 lakh units will be subscribed via private placement. This is going to be first debenture issue of the bank of this fiscal year. 

As the name suggests, the 10.75% SBL Debenture 2089 has a maturity period of 10 years and will mature in the year 2089 BS. The debenture will yield a 10.75% annual return to unitholders.

Kumari Capital has been appointed the issue manager.