Laxmi Sunrise Bank Limited has opened the subscription for its debenture worth Rs 3 Arba starting from Shrawan 14.
Laxmi Sunrise Bank Debenture Open
Laxmi Sunrise Bank Limited has started selling its new debenture from today, Shrawan 14. The bank is issuing a total of 30 lakh units of debentures, where each unit has face value of Rs 1,000. This makes total value of the issue worth Rs 3 Arba.
Allocation and Units Details
From the total issued units, the bank will sell 18 lakh units through private placement to individual investors. The remaining 12 lakh units are allocated for general public. Out of this public quota, 5 percent which is 60,000 units are secured for mutual funds.
Application Deadline and Rates
If you want to invest, the early closing date for application is Shrawan 19. If the issue is not fully subscribed by then, the deadline can be extended till Shrawan 28. Investors can apply for minimum of 25 units, and they can go up to maximum of all available units.
The Securities Board of Nepal (SEBON) gave permission to bank for this debenture issue on Ashad 9. This debenture offers an annual interest rate of 7 percent and has maturity period of 10 years. Machhapuchchhre Capital Limited is working as the issue and sales manager for this issue.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
