Siddhartha Bank Limited has launched 25,00,000 units of “SBL Debenture 2091” for the public.
This debenture, which matures in 10 years, carries a coupon rate of 7.25%. Applications will be accepted starting today, from 29th Ashadh to 32nd Ashadh, 2082. Should the issuance not reach full subscription, the closing date may be pushed to Shrawan 11, 2082.
A total of 25,00,000 units will be provided at a nominal value of Rs. 1000 per unit. Of the total units, 60%, or 15 lakh units, will be allotted through private placements, while the remaining 10 lakh units, valued at Rs. 1 Arba, will be accessible for public offering. Furthermore, 5%, which amounts to 50,000 units, will be designated for mutual funds. This initiative will generate a cumulative Rs 2.5 Arba from the offering.
