The agreement was signed by Everest Bank Limited's CEO, Sudesh Khaling, and Laxmi Sunrise Capital Limited's CEO, Bijaya Lal Shrestha, to sell debentur
The agreement was signed by Everest Bank Limited’s CEO, Sudesh Khaling, and Laxmi Sunrise Capital Limited’s CEO, Bijaya Lal Shrestha, to sell debentures of Everest Bank worth 3 arba rupees. Laxmi Sunrise Capital Limited has been appointed to manage the issuance.
Everest Bank plans to issue “Everest Bank Limited Debenture 2091,” offering 30 lakh units at a rate of 1000 rupees per unit.
- Public Offering: 40% of the debentures will be available to the general public, totaling 12,00,000 units worth 1 arba 20 crore rupees.
- Private Placement: The remaining 60% will be sold via private placement, totaling 18,00,000 units worth 1 arba 80 crore rupees.
The debenture will pay interest at a rate of 7.5% per year on a half-yearly basis for ten years.
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