‘10% Himalayan Bank Debenture 2083’ added to SEBON’s pipeline; Commercial bank to raise debt worth Rs. 3 Arba

Securities Exchange Board of Nepal (SEBON) has added the issue of ‘10% Himalayan Bank Debenture 2083’ under preliminary review in the latest list of debentures in pipeline.

Himalayan Bank Limited (HBL) is looking to raise a debt worth Rs.3 Arba through the issue of 30 lakh units of debentures at par value of Rs.1000 each. Out of the total issue 1,200,000 units (40% of the issue) are for the general public while remaining 1,800,000 units (60% of the issue) will be privately placed.

The debentures will be providing 10% interest p.a. These debentures will mature after a period of 7 years.

Laxmi Capital Market has been appointed as the issue manager for the debenture issue.