Swabalamban Laghubitta to Issue 50 Crore Debenture: A Smart Investment Opportunity?
Big news in the Nepal Stock Market! Swabalamban Laghubitta Bittiya Sanstha Limited (SWBBL) is planning a significant move, issuing an unsecured debenture valued at Rs. 50 crore. This represents a potential investment opportunity for those looking to diversify their investment portfolio.
The microfinance institution, a key player in the Nepalese financial sector, announced the decision following its 466th Board of Directors meeting held on Kartik 21, 2082. The debenture will offer an attractive 8% annual interest rate, potentially providing a stable return on investment.
Before the public issuance, SWBBL must first secure approval from the Nepal Rastra Bank (NRB), the central bank of Nepal. Following NRB’s green light, the proposal will then be submitted to the Securities Board of Nepal (SEBON) for final approval. Once both regulatory bodies sign off, the company will proceed with offering the debenture to the public.
This move could provide a boost to SWBBL’s capital and further solidify its position in the microfinance industry. Keep an eye out for updates on the NRB approval and SEBON approval process to stay informed about this promising investment in the Nepalese economy. This is important for anyone tracking Nepali stocks and seeking new financial instruments. Consider this as a potential addition to your fixed income investments.
