Sanasa Development Bank (SDB) is to raise Rs. 4 billion from a listed debenture issue, the company said in a stock exchange filing.
The company has decided to issue 20 million rated, guaranteed, redeemable debentures at Rs. 100 each with an option to issue up to a further 20 million debentures in the event of an over subscription, subject to the necessary regulatory approvals. The issue is up for subscription from yesterday whilst the official opening is on 28 December. NDB Investment Bank will be managing the debt issue.