Sunrise Bank receives final nod from SEBON to float Rs 3 arba worth of debenture; 1.20 arba worth debenture to hit investment floor for general investors to grab

Sunrise Bank has received a go-ahead signal from SEBON on Aswin 29, 2076 to issue its Rs 3 arba worth debenture program that has a maturity period of 7 years with 10.25% interest yield and is payable semi-annually.

Out of the total 30 lakh unit debentures, 12 lakh units will be floated for general public while 18 lakh unit will be issued for the institutional investors. Interested investors can apply for minimum 25 unit and maximum 3 lakh unit debentures, as per the media statement.

The bank with more than Rs 8 arba paid up capital has 122 branches, 38 branchless banking units, 6 extension counters, 142 ATMs and serves more than 6 lakh customers.