Shine Resunga Development Bank's Debenture Oversubscribed by 5.95 Times, Allotment Successfully

Shine Resunga Development Bank Limited has completed the allotment of its “8% Shine Resunga Bikas Bank Debenture 2092,” amounting to NPR 1 billion. Held at the premises of NIMB Ace Capital Limited, the issuance consisted of 1,000,000 debenture units priced at NPR 1,000 each. Of the total, 40% (400,000 units) was offered to the general public and 60% (600,000 units) was reserved for private placement.

The public issue, which was open from 2082/03/32 to 2082/04/04, witnessed overwhelming investor interest, being oversubscribed by 5.95 times. This strong response reflects growing public confidence in the bank and increased awareness and trust in Nepal’s capital market. The allotted debenture units will soon be credited to the Demat accounts of successful applicants.

The Bank extended its gratitude to all participating investors and acknowledged the professional handling of the issuance by NIMB Ace Capital Limited. The proceeds from this issuance are expected to enhance the Bank’s capital base and support its mission to deliver reliable and innovative financial services nationwide.