The public offering of the “10.30% Standard Chartered Bank Nepal Limited Debenture” by Standard Chartered Bank Nepal Limited (SCB) has been extended. On the 26th of Magh, the issue was launched. The early deadline was today, on the 1st of Falgun. Because the issue has not been fully subscribed, the deadline has been extended until Falgun 08.
A total of 24 lakh units will be issued at a par value of Rs.1000 each. 14.40 lakh units of the total issue will be subscribed through private placement, while the remaining 9.60 lakh units worth Rs. 96 crores will be open for public issue, with 5% reserved for mutual funds. The issuance will generate a total of Rs 2.4 Arba.
