10% Sanima Debenture remains undersubscribed with application only for 47,684 units; issue to close on 1st Poush

Sanima Bank Limited (SANIMA) was issuing 10% debentures worth Rs 2 arba from Kartik 30, 2075. “10% Sanima Debenture 2085”will be issuing yield 10% interest annually.

The bank was issuing 20 lakh unit debentures at Rs 1,000 per unit. Out of the total debentures, 20% of the issue (i.e. issue of Rs 40 crore from 4 Lakh units) is being issued for the general public. And the remaining 80% will be issued from private placement. Out of the offered 4 Lakh units, 20,000 units have been kept for mutual funds and the remaining 380,000 units are available for the public.

Kathmandu Capital has been appointed as the issue manager for the debenture issuance.

As per the issue manager, 1,033 applicants have been received for a total of 47,684 units of debentures. Since the issue remains undersubscribed, the issue will be closed on 1^st Poush, 2075.

Applications can be placed for minimum 25 units of debentures while the maximum applications can be placed for 380,000 units.