Everest Bank to Issue NPR 3 Billion Debenture, Appoints Laxmi Sunrise Capital as Manager
Kathmandu. Everest Bank Limited is set to issue a debenture worth NPR 3 billion. The bank has appointed Laxmi Sunrise Capital Limited as the issue and sales manager for the 'Everest Bank Limited Debenture 2088'.
The bank plans to sell a total of 3 million units of the debenture, with a face value of NPR 1,000 per unit. Of the total debentures to be issued, 40 percent, equivalent to NPR 1.20 billion (1.2 million units), will be offered to the general public.
Similarly, the remaining 60 percent, amounting to NPR 1.80 billion (1.8 million units), will be sold through private placement, the bank stated.
Investors investing in this 6-year tenure debenture will receive an annual interest rate of 6.25 percent. According to the bank, this interest amount will be paid every six months (semi-annually).
The agreement regarding the debenture issuance and sales management was signed by Sudesh Khaling, Chief Executive Officer (CEO) on behalf of Everest Bank Limited, and Vijay Lal Shrestha, Chief Executive Officer on behalf of Laxmi Sunrise Capital Limited.
This specific news has been automatically translated by AI. As a result, there may be some inaccuracies or language errors.
