On Chaitra 05, 2079, the Securities Board of Nepal (SEBON) authorized the “11% Mahalaxmi Debenture 2089.”
Mahalaxmi Bikas Bank Limited (MLBL) plans to issue 10 lakh unit debentures at Rs 1000 per unit. During a period of ten years, the bank will give an interest rate of 11% on the debenture.
Out of the total number of units given, 4 lakh will be made available to the general public and 6 lakh would be made available for private placement.
The issue manager is NIC Asia Capital. The offering would generate a total of Rs 1 Arba.
Highlights:
- The BPW Laghubitta IPO will be completed on Friday; 8,095 applicants will receive 10 units each.
- Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.
- On Sunday, the Asian Hydropower IPO Allocation will be completed; 69,720 Applicants Will Get 10 Units Each.
- The Aatmanirbhar Laghubitta IPO will be completed on Sunday; 16,975 applicants will receive 10 units each.
- Modi Energy IPO closes today for Nepalese working abroad.