Securities Board of Nepal (SEBON) has added "10% Nepal SBI Bank Debenture 2086" to its pipeline for review and approval.
Nepal SBI Bank is issuing a total of 25 lakh units at Rs.1000 per unit. The total value of the issue is Rs.2.50 Arba and will be providing 10% interest rate. The debenture will mature in 10 years i.e. in 2086.
Out of the total issue, 10 Lakh units (40% of the issue) will be issued to the general public while the remaining 15 Lakh units (60% of the issue) will be privately placed.
Kumari Capital Limited has been appointed as the issue manager.