Sunrise Bank to Issue Debenture worth Rs 3 Bn; Appoints Siddhartha Capital as Issue Manager

Aug 22, 2019 11:55 AM Merolagani

Sunrise Bank (SRBL) is set to issue 7 yearly debenture worth Rs 3 billion.  The company has appointed Siddhartha Capital as its issue manger to issue the debenture on August 21.

As per the agreement, the capital will function as debenture trustee and issue manager of “Sunrise Debenture 2083”.

Out of the total debenture, the bank will issue debenture worth Rs 1.20 billion to ordinary shareholders. The remaining debenture worth Rs 1.80 billion will be financed privately. The debenture will yield 10.25 percent interest paid semi-annually.

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Multipurpose Finance Reschedules Book Close and AGM Date

Sep 20, 2019 12:46 PM

Multipurpose Finance has rescheduled its 20th and 21st AGM date which was scheduled for September 21.