SEBON Approves Mahalaxmi Debenture 2089 at 11%

On Chaitra 05, 2079, the securities board of nepal (SEBON) authorized the “11% mahalaxmi Debenture 2089.”

Mahalaxmi Bikas Bank Limited (MLBL) plans to issue 10 lakh unit debentures at Rs 1000 per unit. During a period of ten years, the bank will give an interest rate of 11% on the debenture.

Out of the total number of units given, 4 lakh will be made available to the general public and 6 lakh would be made available for private placement.

The issue manager is NIC Asia Capital. The offering would generate a total of Rs 1 Arba.

Highlights:

• The BPW Laghubitta IPO will be completed on Friday; 8,095 applicants will receive 10 units each.
• Global IME Bank’s “11.25% Global IME Bank Debenture 2084/85” will close today & applications for a minimum of 25 units can be submitted.
• On Sunday, the Asian Hydropower IPO Allocation will be completed; 69,720 Applicants Will Get 10 Units Each.
• The Aatmanirbhar Laghubitta IPO will be completed on Sunday; 16,975 applicants will receive 10 units each.
• Modi Energy IPO closes today for Nepalese working abroad.