Global IME Bank Limited has appointed Laxmi Sunrise Capital Limited to oversee the issuance and sale of debentures totaling five billion rupees.
A total of 5 million units of the "8% Global IME Bank Debenture 2091/92" would be offered for sale by Global IME Bank, with a unit price of 1000 rupees. A portion of the 5 million units of the "8% Global IME Bank Debenture 2091/92" that will be issued at a rate of 1000 rupees each, or 2 billion rupees in total, will be made available to the general public. Three billion rupees, or the remaining sixty percent of the units, will be auctioned privately. On behalf of Global IME Bank Limited, Laxmi Sunrise Capital Limited has been tasked with overseeing the issuance and marketing of these debentures.
The 10-year debenture issued by Global IME Bank Limited will pay semi-annual interest at an annual rate of 8%. This agreement was signed by CEO Ratna Raj Bajracharya of Global IME Bank Limited and CEO Bijay Lal Shrestha of Laxmi Sunrise Capital Limited.