Nepal SBI Bank Limited has opened the issuance and sale of its “7% Nepal SBI Bank Debenture 2090” starting today, Asar 30, 2081 B.S. The bank is issuing this 10-year debenture at a fixed annual interest rate of 7%.
Debenture Details
- Debenture Name: 7% Nepal SBI Bank Debenture 2090
- Interest Rate: 7% per annum
- Tenure: 10 years
- Face Value per Unit: Rs. 1,000
- Total Units: 30,00,000
- Total Issue Amount: Rs. 3 arba
Of the total issue:
- 18,00,000 units (Rs. 1.8 arba) will be privately placed.
- 12,00,000 units (Rs. 1.2 arba) are allocated for the general public.
- Among this, 5% (60,000 units) are reserved for mutual funds.
Application and Issue Timeline
- Minimum Application: 25 units
- Maximum Application: Up to all available public units
- Early Closing Date:Shrawan 1, 2081 B.S.
- Latest Closing Date:Shrawan 12, 2081 B.S.
Issue Manager and Application Process
- Issue Manager: Nabil Investment Banking Limited
- Investors can apply through:
- ASBA-participating banks and financial institutions
- The MeroShare platform using the C-ASBA system
Credit Rating
The debenture has been rated ‘ICRANP-IR AA’ by ICRA Nepal, indicating high safety and strong capacity to meet financial obligations on time.
This article was originally published on https://bajarkochirfar.com. Translated with the help of AI and reviewed by our editorial team.
