The bank is issuing ‘9 percent Shangrila Development Bank Debenture 2087’ with a maturity period of 10 years.
The bank is issuing 750,000 units of debenture worth Rs 750 million with a face value of Rs 1000. Out of the total offered units, the bank will privately finance 450,000 units and publicly issue 300,000 units worth Rs 300 million.
The investors can apply for a minimum of 25 and maximum of 300,000 units of debentures.
The bank has appointed NIBL Ace Capital as its issue manager. The debenture is applicable through all C-ASBA approved BFIs and meroshare.
ICRA Nepal has assigned BB+ rating to the issue indicating average degree of safety.
