Shine Resunga Development Bank to issue Rs 1 billion debenture

Shine Resunga Development Bank Limited is set to issue debentures worth Rs. 1 billion starting from Ashad 32. The bank will offer a total of 10 lakh units of its 10-year debenture titled ‘Shine Resunga Debenture’, each with a face value of Rs. 1,000.

40 percent for the public, 5 percent reserved for mutual funds

Out of the total issuance, 40 percent (4 lakh units) will be offered to the general public, while 60 percent (6 lakh units) will be sold through private placement. From the public portion, 5 percent (20,000 units) has been specially reserved for mutual fund schemes.

8 percent annual interest for 10 years

The debenture offers a fixed annual interest rate of 8 percent and comes with a 10-year maturity period, making it a stable investment choice for those seeking regular income.

Apply via C-ASBA from banks and financial institutions

Interested investors can apply through C-ASBA participating banks and financial institutions and their respective branches. The issue will close as early as Shrawan 4, or by Shrawan 14 at the latest, depending on subscription.

Apply for minimum 25 units and up to 5 lakh units

Applicants can apply for a minimum of 25 units and a maximum of 5 lakh units. The issue manager is NIMB Ace Capital Limited.