Kathmandu. Laxmi Sunrise Bank is issuing debentures from July 30.

The bank is issuing “7% Laxmi Sunrise Debenture 2092” with a maturity period of 10 years.

The bank is issuing 3 million units of debentures at a face value of Rs 1,000 per unit. Out of this, 60 percent i.e. 1.8 million units worth Rs 1.80 billion will be allotted individually. The remaining 40% i.e. 1.2 billion units of shares worth Rs 1.20 billion will be issued to the general public.

5 percent i.e. 60,000 units have been set aside for the mutual funds.

The interested investors can apply for a minimum of 25 units and maximum of all units of debentures. The last date to apply for the debentures is August 19. If the application is not received as per the demand within the stipulated period, the application can be submitted till August 12.

Machhapuchchhre Capital Limited has been appointed as the issue manager for the IPO issuance. The interested investors can apply for the shares from the banks and financial institutions approved by the Securities Board of India (SEBON) and Mero Shares.