ICFC Finance's Rs. 50 Crore '8% ICFC Finance Limited Debenture 2089' Issue Approved by SEBON

ICFC Finance Limited's "8% ICFC Finance Limited Debenture 2089" has been approved by the Securities Board of Nepal. The regulatory board gave the nod of approval on Magh 21, 2082.

The "8% ICFC Finance Limited Debenture 2089" has 5 lakh units, each having a par value of Rs. 1,000. From the total issue, 2 lakh units will be issued to the general public while 3 lakh units will be subscribed via private placement.

Kumari Capital Limited has been appointed as the issue manager.

As the name suggests, the "8% ICFC Finance Limited Debenture 2089" has a maturity period of 7 years and will mature in the year 2089 BS. The debenture will yield an 8% annual return to unitholders.