Last call for risk averse investors! Sunrise Bank is closing the issue of "10.25% Sunrise Debenture 2083" from today
Thu, Dec 5, 2019 10:05 AM on Corporate, Bonds & Debentures, Latest,
Sunrise Bank Limited (SRBL) is closing the issuance of "10.25% Sunrise Debenture 2083" to the general public from today (Mangsir 19, 2076). This issue was open since Kartik 20, 2076.
The Bank is issuing a total of 30 lakh units of debenture, out of which, 12 lakh units are for the general public and 18 lakh units are for private placement. Similarly, out of the units offered to the general public, 60,000 units have been reserved for Mutual Funds. The debenture is being issued at Rs 1000 per unit and will provide 10.25% interest for a period of 7 years.
Siddhartha Capital Limited is the issue manager. Interested individuals can apply for a minimum of 25 units or a maximum of 3 lakh units.
SRBL had also issued "10 Sunrise debenture 2080" recently which has been already listed in NEPSE. This debenture is worth Rs 1 arba, making the cumulative debenture of Sunrise Bank worth Rs 4 arba.
CARE Nepal Limited has assigned CARE-NP Grade A- to the debenture issue of Sunrise Bank.
SRBL was established in Ashwin 24, 2064 and currently has paid-up capital of Rs 8.15 arba. The 12th AGM of the bank held recently has approved 12% bonus shares, after with the capital will reach Rs 8.96 arba. It has a network of 122 branches 38 branchless banking units, 8 extension counters and 142 ATMs.
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