Nepal SBI Bank will open the issuance and sale of the ‘7 Percent Nepal SBI Debenture 2090’ from Asar 30. The debenture has a 10-year maturity and offers an annual interest rate of 7 percent.
Nepal SBI Bank has announced the issuance and sale of a debenture named ‘7 Percent Nepal SBI Debenture 2090,’ starting from Asar 30. This debenture will have a maturity period of 10 years and will provide investors with a fixed annual interest rate of 7 percent
The bank plans to issue a total of 30 lakh units of the debenture at a face value of Rs 1,000 per unit, amounting to Rs 3 arba. Out of this, 60 percent (18 lakh units or Rs 1.8 arba) is allocated for institutional investors under the personal category, and 40 percent (12 lakh units or Rs 1.2 arba) is reserved for general public investors. Additionally, 5 percent of the general public’s allocation (60 thousand units) is set aside for collective investment funds.
Investors can apply for a minimum of 25 units and a maximum of 12 lakh units of the debenture. The application window will remain open until Shrawan 1. However, if the full amount is not subscribed within this period, the application deadline will be extended until Shrawan 12.
Nabil Investment Banking is managing the issuance and sale of the debenture. Interested investors can apply through banks and financial institutions affiliated with the C-ASBA service or via the MeroShare app.
This article was originally published on https://bajarkochirfar.com Translated with the help of AI and reviewed by our editorial team.
