Kathmandu. The Securities Board of Nepal (SEBON) on Wednesday granted permission for the issuance of four different financial instruments on a single day. The board has approved the issuance of right shares of Buddhabhumi Nepal Hydropower, preferential shares of Sanima Bank, debentures of ICFC Finance and collective investment of Garima Capital on February 4.

The board has allowed Buddhabhumi Nepal Hydropower Company Limited to issue right shares in the ratio of 1:1. The company has received approval from the board to issue 4 million units of right shares at a face value of Rs 100 per share. NIC Asia Capital Limited has been appointed as the issue manager for the IPO issuance.

Similarly, Sanima Bank Limited has received approval to issue ‘8.25% Non-Redeemable Reserve, Preference Share’ as a new instrument in the banking sector. The bank will issue 20 million units of shares worth Rs 100 each through a circular method. Muktinath Capital Limited has been appointed as the issue manager for the IPO issuance and will receive 8.25% annual dividend.

ICFC Finance Limited has received permission to issue “8% ICFC Finance Limited Debentures 2089”. The debenture yields an interest rate of 8 per cent per annum. The bank will issue 5,00,00,00,000 units of debentures at a face value of Rs 1,000 each to the general public and 3,00,00,00,000 units to be issued for the private sector. Kumari Capital Limited has been appointed as the issue manager for the IPO issuance.

Similarly, Garima Capital Limited has received approval to operate an open-ended group investment scheme called ‘Garima Subarna Yojana’. Garima Capital Limited has been appointed as the manager and issue manager for the IPO amount.