Shine Resunga Development Bank's Rs. 1 Arba '10 yrs, 8% Shine Resunga Debenture' Issue Approved by SEBON

Shine Resunga Development Bank Limited's "10 yrs, 8% Shine Resunga Debenture" has been approved by the Securities Board of Nepal. The regulatory board gave the nod of approval on Jestha 07, 2082.

The "10 yrs, 8% Shine Resunga Debenture" has 10 lakh units, each having a par value of Rs. 1,000. From the total issue, 4 lakh units will be issued to the general public while 6 lakh units will be subscribed via private placement.

NIMB Ace Capital Limited has been appointed as the issue manager.

As the name suggests, the "8% Shine Resunga Debenture" has a maturity period of 10 years and will mature in the year 2092 BS. The debenture will yield an 8% annual return to unitholders.