Machhapuchchhre Bank's Rs. 3 Arba"8.25% Machhapuchchhre Perpetual Non-cumulative Preference Share" Issue Approved by SEBON

The Securities Exchange Board of Nepal (SEBON) has provided the final approval to the proposed issue of "8.25% Machhapuchchhre Pereptual Non Cumulative Preference Share" in the latest list of debentures approved.

Machhapuchchhre Bank Limited (MBL) is seeking to raise a debt of Rs. 3 Arba through the total issue, with 3 crores units to be subscribed via private placement. The regulatory board gave the nod of approval on Falgun 04, 2082.

The debentures will provide an 8.25% interest rate per annum.

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