Standard Chartered Bank to issue 10.30% Debenture from February 9

Feb 01, 2023 10:26 AM Merolagani

Standard Chartered Bank (SCB) is set to issue’10.30% Standard Chartered Bank Nepal Ltd Debenture’  from February 9. 

The debenture will mature in 5 years.

The bank will issue 2.4 million units of debenture worth Rs 2.4 billion at a face value of Rs 1000. Out of them, the bank is issuing 40 percent i.e. 960,000 units worth Rs 960 million to the general public while the bank will issue 1.44 million units worth Rs 1.40 billion to private investors. Out of the units allocated for the general public, the bank has secured 48,000 units to mutual funds.

The issue will close early on February 13 and lately on February 23. Interested investors can apply for a minimum of 25 to a maximum of 100,000 units.

The bank has appointed NIBL Ace Capital as its issue manager. Interested investors can apply from all C-ASBA approved BFIs and meroshare.

ICRA Ratings Nepal has assigned AAA rating to the issue indicating low credit risk.

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