Sanima Bank to float “10% Sanima Debenture 2085” from Kartik 30; Applications can be placed for minimum 25 units

Sun, Nov 4, 2018 9:10 AM on Bonds & Debentures, Latest, Stock Market,

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

The bank will be issuing 20 lakh unit debentures at Rs 1,000 per unit. The issue will be closed on Mangsir 04, 2075.

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

Out of the total debentures, 20% of the issue (i.e. issue of Rs 40 crore) is being issued for the general public. And the remaining 80% will be issued from private placement.

Applications should be placed for minimum 25 units of debentures while the maximum applications can be placed for 3,80,000 units.

The application forms can be collected from Kathmandu Capital, Sanima Bank and its branches as well as all the C-ASBA registered banks and financial institutions.