On Poush 28, 2079, the Securities Board of Nepal (SEBON) authorized the “11.25% Global IME Bank Debenture 2084/85”. At a price of Rs 1000 per unit, Global IME Bank Limited (GBIME) would issue 50 lakh unit debentures. The bank will provide a 5-year debenture with an interest rate of 11.25%. 20 lakh of the total issued units will be made available to the public, and 30 lakh will be made available for private placement. The application was sent to SEBON on Kartik 20.

The offering would generate Rs 5 arba for the company. The table below summarizes the details about the issue.

Name11.25% Global IME Bank Debenture 2084/85
SectorCorporate Debentures
Paid UpRs. 1,000.00
Issue ManagerSunrise Capital
Interest Rate11.25
Maturity5 Years
Issued units50,00,000
Reserved for Private Placement30,00,000
Reserved for Public20,00,000