Shangrila Development Bank To Sell 750,000 Units Debenture From Ashad 6

June 11, 2021 | Investopaper

Shangrila Development Bank Limited (SADBL) will issue a debenture named ’10 years, 9%, Shangrila Development Bank Debenture 2087′. The debenture offering will open from Ashad 6, 2078 BS. If fully subscribed, the issue will close on Ashad 9, 2078 BS. However, if it remains under-subscribed until that period, the deadline for application will extend to Ashad 20, 2078 BS.


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The development bank is floating 750,000 units debenture at a par value of Rs 1,000. Hence, the total issue amounts to Rs 75 crores.  Out of the total issue size, SADBL will sell 4.5 lakh units worth Rs 45 crores through private placement. Likewise, the general public can apply for the remaining 3 lakh units that amount to Rs 30 crores. The mutual funds will receive 5 percent (out of general public’s quota) or 15,000 shares.

The debenture will provide 9 percent interest rate payable semi-annually. It has a maturity period of 10 years. Hence, the bank will refund the principal amount in 2087 BS.

One can apply for a minimum of 25 units and a maximum of 3,00,000 units.

Securities Board Of Nepal (SEBON) has provided the final approval on Baisakh 6, 2078 BS for the debenture issuance.

NIBL Ace Capital Limited is the issue manager for the debenture.


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