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.

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