Siddhartha Bank Limited is set to issue 2.5 arba worth of debentures titled ‘SBL Debenture 2091’ from Ashar 29, offering a fixed annual interest rate of 7.25% for a tenure of 10 years.
Siddhartha Bank Limited has announced the issuance of its new debt instrument named ‘SBL Debenture 2091’ starting from Ashar 29. The debenture will offer a fixed annual interest rate of 7.25% and will have a maturity period of 10 years.
The bank is issuing a total of 25 lakh units at a face value of NPR 1,000 per unit, amounting to NPR 2 arba 50 crore in total. Out of the total issuance, 60% or 15 lakh units are being issued through private placement, while the remaining 40% or 10 lakh units are allocated for the general public. From the public allocation, 5% or 50,000 units are reserved for mutual funds
Interested investors are required to apply for a minimum of 25 units, with no maximum limit set. The issuance period will close as early as Ashar 32 or by Shrawan 11 at the latest, depending on demand.
NMB Capital Limited is the issue and sales manager for this debenture. Applications can be submitted through C-ASBA-approved banks and financial institutions or via the ‘Mero Share’ online platform.
Credit rating agency ICRA Nepal has assigned Siddhartha Bank a rating of ‘ICRANP-IR BBB+’, indicating a moderate level of safety in fulfilling its financial obligations. Interest payments from this debenture will be made semi-annually after deducting applicable taxes, at the end of each half of the fiscal year.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
