Siddhartha Bank's Rs. 3.5 Arba 'SBL 8.25% Perpetual Non-cumulative Preference Share Issue Approved by SEBON
Summary
Siddhartha Bank Limited has received approval from SEBON to issue Rs. 3.5 Arba of 8.25% perpetual non-cumulative preference shares through private placement.
Key Points
- The Securities Exchange Board of Nepal (SEBON) approved Siddhartha Bank's proposal to issue 'SBL 8.25% Perpetual Non-cumulative Preference Shares'.
- Siddhartha Bank Limited aims to raise Rs. 3.5 Arba via the issuance of 3.5 crore units through private placement.
- The approved preference shares will carry an annual interest rate of 8.25%.
- NMB Capital Limited has been appointed as the issue manager for this debenture issuance.
