Sanima Bank's Rs. 2 Arba"8.25% Sanima 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% Sanima Perpetual Non-cumulative Preference Share" in the latest list of debentures approved.

Sanima Bank Limited (SANIMA) is seeking to raise a debt of Rs. 2 Arba through the total issue, with 2 crores units to be subscribed via private placement. The regulatory board gave the nod of approval on Magh 21, 2082.

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

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