Guheshwori Merchant Banking and Finance to Float 2.6 Lakh Units of “Guheshwori Debenture 2089”
April 4, 2025 | Investopaper
Guheshwori Merchant Banking and Finance Ltd. (GMFIL) is going to issue a debenture named “9% Guheshwori Debenture, 2089”. For this purpose, the finance has submitted the application to the Securities Board of Nepal (SEBON) on Chaitra 3, 2081 BS seeking approval for the issuance of the debenture.
If approved by SEBON, Guheshwori Merchant Banking and Finance will float 2.6 lakh units debenture at a face value of Rs 1,000. Hence, the total debenture issue amounts to Rs 26 crores.
Out of the total issue, the finance will sell 1.56 lakh units debenture worth Rs. 15.6 crores through private placement. Likewise, the general public can apply for the remaining 1.04 lakh units that amount to Rs. 10.4 crores.
The debenture will provide 9 percent interest per annum to the investors. The maturity period of the debenture is 8 years. Hence, the finance will refund the principal amount in 2089 BS.
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