Sunrise Bank announced the issuance of 10.25% Sunrise Debenture 2083 to the general public from November 6 to 10 while in case of under-subscription the issue can be extended till December 5. The Bank is issuing a total of 30 lakh units of debenture out of which 12 lakh units are for the general public and 18 lakh units are for private placement. Similarly, out of the units offered to the general public, 60,000 units have been reserved for mutual funds. The debenture is being issued at Rs 1000 per unit and will provide 10.25% interest for a period of seven years.
Siddhartha Capital is the issue manager. Interested individuals can apply for a minimum of 25 units or a maximum of 3 lakh units. SRBL had also issued 10 Sunrise debenture 2080 recently which has been already listed in NEPSE. This debenture is worth Rs 1 billion, making the cumulative debenture of Sunrise Bank worth Rs 4 billion. CARE Nepal Limited has assigned CARE-NP Grade A- to the debenture issue of Sunrise Bank.
