The bank will issue 750,000 units of ‘Shangrila Development Bank Debenture 2087’ at a face value of Rs 1,000.
Out of the total offered debentures, 450,000 units will be privately financed and 300,000 units will be issued to the general public.
The debenture that matures in 10 years will yield 9 percent interest. The bank has appointed NIBL Ace Capital as its issue manager.
