SEBON Approves Issuance of Kamana Sewa Bikas Bank’s Preference Shares
Summary
SEBON has approved Kamana Sewa Bikas Bank to issue 35 lakh non-redeemable cumulative preference shares at a 9% dividend rate, enhancing its capital base for business expansion.
Key Points
- Securities Board of Nepal (SEBON) approved Kamana Sewa Bikas Bank's issuance of 35 lakh non-redeemable cumulative preference shares.
- Each share has a par value of Rs. 100 with a 9% dividend rate.
- The issuance aims to strengthen the bank's capital base and support business expansion.
- Nepal Rastra Bank allowed such shares as an alternative to rights shares for capital augmentation.
