SBL floats 5 lakh units of debenture; Good Opportunity for Investors to diversify Investment

ShareSansar, January 7:

Siddhartha Bank Limited(SBL)  has floated 5 lakh units of debenture yielding 7.5 percent interest rate with maturity of 7 year at a face value of Rs 1000 per unit from today.

Out of 5,00,000 units; 25,000 units have been set aside for the mutual funds and 3,75,000 units will be sold on private placement basis and remaining 1,00,000 units is set aside for general public.

The interested investors can apply for the debenture at the head office and all the branches of Siddhartha Bank, besides the office of its issue manager Ace Capital Limited at Laldurbar Colony, Kathmandu.

The issue will close on Poush 27, or by Magh 8 at the latest.

Seeing the current market interest rate, the 7.5% rate offered by Siddhartha Bank is a very good rate where investors can diversify their investment on risk free asset investment.