Shine Resunga Bank Opens Debenture Issue at 8% Interest

Shine Resunga Development Bank Limited has opened the issuance and sale of its 10-year debenture, named ‘Shine Resunga Debenture’, starting today (Asar 32). The debenture offers an annual interest rate of 8% and will be issued at a par value of NPR 1,000 per unit, totaling NPR 1 billion across 1 million units.

Out of the total issue, 600,000 units (NPR 600 million) will be privately placed, while the remaining 400,000 units (NPR 400 million) are allocated for the general public. Among the public portion, 5% or 20,000 units are reserved for mutual funds. Investors can apply for a minimum of 25 units and a maximum of 500,000 units. The issue will close as early as Shrawan 4 or as late as Shrawan 14.

NIMB Ace Capital Limited is the issue and sales manager for this debenture. Applications can be submitted through the C-ASBA system via participating banks and financial institutions, or online through the ‘Mero Share’ portal. ICRA Nepal has assigned a credit rating of "ICRANP-IR BB+" to the bank, indicating a moderate risk in timely debt servicing. Interest payments will be made semi-annually after tax deduction.