NEPSE Lists 1 Mn units of debenture of Sunrise Bank

Jul 11, 2019 03:44 PM Merolagani

Nepal Stock Exchange (NEPSE) has listed 1 million units of debenture of Sunrise bank (SRBL).

Sunrise Bank issued '10 percent Sunrise Debenture 2080' worth Rs 1 billion from April 3-8 and allocated on May 31. The bank issued one million units of debenture at a face value of Rs 1000 per debenture.

According to the bank, the debenture with five years of maturity period yields 10 percent annual interest rate payable semi-annually.

Out of the total issue, the bank issued  40 percent i.e. 400,000 units of debenture worth Rs 400 million to the general public while the remaining 60 percent debenture was privately financed.

After the listing, debenture holders can borrow fund keeping the units as collateral or trade them in the secondary market.

comments powered by Disqus

Government Fails to Collect Targeted Revenue; Capital Expenditure Nears 70%

Jul 16, 2019 03:53 PM

The government has failed to collect targeted revenue in the current FY. As per the Office of Auditor General (OAG), the government collected 83.66 percent revenue till July 15, a day before the closing of the current FY.