Sanima Bank's "10% Sanima Debenture 2085" to close today; Minimum applications can be placed for 25 units

Sanima Bank Limited (SANIMA) will be closing its issue of 10% debentures worth Rs 2 arba on today. “10% Sanima Debenture 2085”will be issuing yield 10% interest annually.

The bank has been issuing 20 lakh unit debentures at Rs 1,000 per unit. 

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

As per the issue manager, 2,617 applicants have been received for a total of 126,537 units of debentures till Mangsir 28, 2075.

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.