2nd March 2025, Kathmandu
Everest Bank Limited has opened its debenture sale worth Rs. 3 billion, inviting applications from investors starting today. The bank is issuing a 10-year fixed-income security named “Everest Bank Limited Debenture 2091” with an annual interest rate of 7.50%. Each debenture unit is priced at Rs. 1,000, and a total of 30 lakh units are available for purchase.
Everest Bank Debenture 2091
Debenture Allocation
Out of the 30 lakh units, Everest Bank has allocated 18 lakh units for institutional investors through private placement. The remaining 12 lakh units are available for general public subscription. Among these, 60,000 units (5%) have been set aside for mutual funds. This allocation strategy ensures participation from both institutional and retail investors.
Application Process
Interested investors can apply through C-ASBA (Centralized Application Supported by Blocked Amount) services available at approved banks and financial institutions. Additionally, online applications can be submitted via CDSC’s Mero Share platform. The minimum application requirement is 25 units, while investors can apply for a maximum of 1,20,000 units.
Subscription Period
The debenture sale will remain open until Falgun 21 (March 5, 2025). However, if it is not fully subscribed by this date, the application deadline will be extended to Chaitra 3 (March 16, 2025). This ensures adequate time for investors to participate.
Issue Manager
Laxmi Sunrise Capital Limited has been appointed as the issue manager for this debenture offering. The capital market company will oversee the entire issuance process, ensuring smooth transactions and compliance with regulatory requirements.
Investment Opportunity
Everest Bank’s debenture provides a stable and secure investment option with a fixed annual return of 7.50% over 10 years. Fixed-income securities like this debenture offer a low-risk alternative to stock market investments while ensuring steady returns. Investors seeking long-term financial security can take advantage of this opportunity.
The debenture is expected to attract institutional investors, high-net-worth individuals, and retail investors looking for a reliable interest-earning asset. As the subscription window is limited, interested investors should apply before the deadline.
For more: Everest Bank Debenture 2091