Kathmandu. Today is the last day to apply for the bond issued by Shine Resunga Development Bank. Today, you can apply for the bond till office hours.

The bank has issued ‘Shine Resunga Debenture’ with an interest rate of 8 percent per annum for a period of 10 years.

The bank has issued 1 million units of debentures worth Rs 1 billion at the rate of Rs 1,000 per unit. Out of this, 60 percent i.e. 600,000 units of debentures worth Rs 600 million will be distributed individually to various banks and financial institutions. The remaining 40 percent i.e. 400,000 units worth Rs 400 million will be allocated to the general public. Similarly, 20,000 units of debentures have been set aside for the collective investment fund. Applications can be made for a minimum of 25 units to 500,000 units.

Its sales manager is NIMB Ace Capital Limited. Applicants can apply through banks and financial institutions that have taken C-ASBA members from the Securities Board and my shares.