The Securities Board of Nepal (SEBON) has approved the addition of “10 yrs, 7.50% Everest Bank Limited Debenture, 2091” to its pipeline. The debenture is valued at Rs 3 Arba.
Everest Bank Limited will be issuing 3,000,000 units of this debenture, each priced at Rs 1000. Of these, 12 lakh units will be available to the general public, while the remaining 18 lakh units are reserved for private placement.
Laxmi Sunrise Capital Limited is managing the issuance of this debenture. The application was submitted to SEBON on Ashadh 20, 2081.
The debenture, as the name implies, has a 10-year maturity period, set to mature in 2091 BS. It offers an annual return of 7.50% to its unitholders.