Kathmandu. The Securities Board of Nepal has given permission to two banks to issue debentures. Nepal SBI Bank and Shine Resunga Development Bank have been allowed to issue debentures.
Nepal SBI Bank will issue ‘Nepal SBI Bank Debenture’ and Shine Resunga Development Bank will issue ‘Shine Resunga Debenture’. Nepal SBI Bank will issue debentures worth Rs 3 billion, according to which the bank will sell a total of 3 million units at a face value of Rs 1,000.
Of these, 1.8 million units will be sold individually and the remaining 1.2 million units will be issued to the general public.
Nabil Investment Banking is the bond sales manager of SBI Bank.
Similarly, Shine Resunga Development Bank will bring a total of Rs 1 billion worth of debentures. Accordingly, the bank will sell a total of one million units at a face value of Rs 1,000. Of these, 600,000 units will be sold individually and the remaining 400,000 units will be issued to the general public.
NIMB Ace Capital is the bond sales manager of Shine Resunga Development Bank.
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